Washington, DC and Austin, Texas –Bigcommerce, the rapidly growing e-commerce platform for fast-growth businesses, today announced a significant new investment from Revolution Growth. Steve Case, the iconic entrepreneur who co-founded the Revolution Growth fund, will join the Bigcommerce board.
Launched in 2009 by Eddie Machaalani and Mitchell Harper, Bigcommerce is a new kind of e-commerce platform that has already helped tens of thousands of companies create online stores, market their businesses and build brands. Until recently, retailers looking to sell online had to go through a complex process costing as much as $10,000 and taking up to six months. Through Bigcommerce’s comprehensive, yet simple-to-use, software as a service (SaaS) platform, businesses can build, manage, and grow e-commerce websites for just $25 a month, and make their first sale within 48 hours.
“Bigcommerce is a big idea that aligns perfectly with Revolution Growth’s philosophy: that technology can enable any entrepreneur, in any industry, located anywhere, to build a successful, high-growth business,” said Steve Case. “When you combine Eddie and Mitchell’s leadership with Revolution’s track record scaling built-to-last companies, there is real potential for Bigcommerce to reach millions of new businesses and unleash the next wave of e-commerce around the world.”
“Bigcommerce is the big equalizer,” Case added. “Now every entrepreneur can have Amazon-like e-commerce capabilities, in hours – not months or years.”
Revolution Growth’s investment in Bigcommerce is the fund’s largest investment to date, reflecting its commitment to scaling the company and its belief in the potential for Bigcommerce to transform the e-commerce market. The new funding will help the company aggressively build out its platform, adding hooks to empower a rapidly growing ecosystem of apps as well as adding new features and capabilities. In addition, the company will invest in brand and awareness building to enable Bigcommerce to expand into new vertical and international markets.
“Our platform radically simplifies the e-commerce experience for small and medium sized businesses, allowing them to compete and win against their larger competitors,” said Bigcommerce co-founder and co-CEO Eddie Machaalani. “The team at Revolution Growth has a deep history in e-commerce, from its birth via AOL, to investing in a variety of commerce-based businesses in the decades that have followed. Their expertise will be invaluable as we look to rapidly scale our platform and grow our customer base.”
By democratizing access to the $45 billion global, online marketplace for retailers and merchants, Bigcommerce makes it easy for startups to compete alongside Fortune 500 companies, enabling them to quickly scale and grow.
“At our core, we are simply entrepreneurs helping other entrepreneurs build the business of their dreams,” said Bigcommerce co-founder and co-CEO Mitchell Harper. “The new investment capital and partnership with Steve Case and Revolution Growth will allow us to improve our technology, hire new employees, and take a leadership role in the e-commerce revolution.”