Bigcommerce

Bigcommerce
Industry eCommerce
Founded 2009
Headquarters Austin, Texas
Products Hosted Shopping Cart
Website www.bigcommerce.com

Bigcommerce is a privately held technology company that develops e-commerce software for businesses. The company was founded in 2009 and has 370 employees with headquarters in Austin, Texas and additional offices in San Francisco, California and Sydney, Australia.

The company reports that $8 billion in total sales have been processed by the Bigcommerce platform.[1]

History

Bigcommerce was founded in 2009 by Australians Eddie Machaalani and Mitchell Harper following a chance meeting in an online chatroom in 2003.[2][3] In August 2009, the two relaunched a hosted version of Interspire Shopping Cart called “BigCommerce”[4] and opened its first U.S. office.

Bigcommerce was 100% bootstrapped[5] until July 31, 2011, when it closed $15 million in Series A funding from General Catalyst Partners.[6] At the time, the company announced its client count had grown 680% year over year.[7]

In January 2012, Bigcommerce launched a $2 million integration fund for developers,[8] which was used to fund 31 applications in the Bigcommerce App Marketplace.[9] The company subsequently received $20 million in Series B financing in September 2012, led by General Catalyst Partners and Floodgate Fund.[10][11]

In July 2013, Bigcommerce raised another $40 million in Series C financing from Revolution Growth, an investment firm led by former AOL Chief Executive Steve Case.[12][13] In November 2014, the company announced $50 million in series D financing from investors SoftBank Capital, Telstra Ventures, and American Express,[14] bringing the company’s total funding to $125 million.[15]

In April 2015, Bigcommerce made its first acquisition, buying Zing, a Texas-based company that sold checkout software to retailers.[16][17]

In May 2015, the company launched a new version of its platform, Bigcommerce Enterprise, for high-volume retailers.[18][19]

In June 2015, the company announced a new CEO. Brent Bellm, former HomeAway president and PayPal Europe CEO, succeeded Bigcommerce co-founder Eddie Machaalani, who remains with the company as executive chairman of the board.[20][21][22][23][24]

Products

Bigcommerce offers its shopping cart product at three different levels of pricing, features, and service. The lowest tier costs 29.95 USD/mo. and includes a 1.5% transaction fee, and offers basic features. The high tier, at 79.95 USD/mo. adds advanced analytics, sales, website integration, and payment tools, and also reduces limitations such as number of products.

Finally, Bigcommerce offers a custom enterprise-level plan. Many small companies are being forced to upgrade from the high-tier (Pro-Plan) to the Enterprise-Plan. Companies forced to upgrade to the Enterprise Plan will see their monthly payment increase from $79.95 USD/mo to a whopping $539.95 USD/mo.

[25][26]

See also

References

  1. ↑ "Bigcommerce Media Kit". Bigcommerce.
  2. ↑ Warner, Andrew (9 December 2010). "BigCommerce: How Two Programmers Who Met In A Chat Room Bootstrapped A $10 Mil eCommerce Company – With Mitchell Harper". Mixergy.
  3. ↑ Ryall, Jenni (19 November 2014). "2 Aussies who met in a chat room created a start-up valued at $500 million". Mashable.
  4. ↑ Harper, Mitchell (4 November 2009). "Interspire Shopping Cart Hosted (Bigcommerce) Pricing Integrated with Interspire.com".
  5. ↑ Mitra, Sramana (10 March 2010). "Deal Radar 2010: Bigcommerce". One Million by One Million Blog.
  6. ↑ Rao, Leena (31 July 2011). "Bigcommerce Raises $15 Million To Help Retailers Manage E-Commerce". TechCrunch.
  7. ↑ "Bigcommerce Closes $15 Million Series A Investment from General Catalyst Partners". BusinessWire. 1 August 2011.
  8. ↑ "BigCommerce Launches $2 Million Integration Fund for Developers". Internet Retailer. 25 January 2012.
  9. ↑ Lorek, Laura (21 March 2013). "Bigcommerce Completes $2 Million Fund for Developers". Silicon Hills News.
  10. ↑ "Bigcommerce Secures $20 Million Series B Financing To Expand E-Commerce Platform". Reuters.
  11. ↑ Calnan, Christopher (5 September 2012). "Bigcommerce collections $20M Series B funding". Austin Business Journal.
  12. ↑ Rao, Leena (25 July 2013). "Bigcommerce Has Raised $40M from Steve Case's Revolution Growth to Help SMBs Manage E-Commerce". TechCrunch.
  13. ↑ Tay, Liz (25 July 2013). "Australia's Bigcommerce Has Raised $40m From Former AOL CEO Steve Case's Venture Fund". Business Insider.
  14. ↑ Calnan, Christopher (19 November 2014). "Bigcommerce raises $50M, eyes IPO". Austin Business Journal.
  15. ↑ Shu, Catherine (19 November 2014). "Bigcommerce Raises $50M Series D From SoftBank, Telstra, and American Express". TechCrunch.
  16. ↑ Del Ray, Jason (28 April 2015). "Bigcommerce Confirms First Acquisition". Re/code.
  17. ↑ Shu, Catherine (29 April 2015). "Bigcommerce Acquires Checkout and Inventory Software Startup Zing". TechCrunch.
  18. ↑ Gagliordi, Natalie (12 May 2015). "Bigcommerce Rolls Out Enterprise E-commerce Platform To All". ZDNet.
  19. ↑ "Bigcommerce Rolls Out Enterprise E-Commerce Platform To All". Marketing Land. 12 May 2015.
  20. ↑ Mac, Ryan (8 June 2015). "Online Shopping Platform Bigcommerce Hires Former HomeAway Exec as New CEO". Forbes.
  21. ↑ Rao, Leena. "Bigcommerce Raises $15 Million To Help Retailers Manage E-Commerce". TechCrunch.
  22. ↑ "Bigcommerce Makes it Easy for Online Retail Businesses to Gain Direct Access to Alibaba.com Suppliers". New York Times. 8 April 2015.
  23. ↑ Clancy, Heather (15 August 2014). "Can Bigcommerce become the next big name in e-commerce". Fortune.
  24. ↑ Stanley, T.L. "Startup Uses Eggs to Poach Employees from Facebook, Google". Mashable.
  25. ↑ "Shopify vs Bigcommerce". WebAppMeister. Compendii. Retrieved 7 November 2015.
  26. ↑ "Bigcommerce Pricing". Bigcommerce. Retrieved 7 November 2015.

External links

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