The round brings Bigcommerce's total funds raised since launch to $125M. The company said this week in a release that it "has seen significant year-over-year growth and is approaching $5 billion in total online sales across merchants."
"Partnering with SoftBank Capital gives us access to the growing Asian market and opportunities within SoftBank Group companies, including Alibaba, while American Express and Telstra share our passion for helping businesses in the US and Australia respectively," said Bigcommerce co-founder and CEO Eddie Machaalani in the release. "With this new round of funding, we will continue to level the commerce playing field so that every merchant has the opportunity to build a compelling brand and scalable business to effectively compete with the largest players in their industry."
The e-commerce platform's clients range from fashion brands to cold-brew coffee merchants
The company's latest additions include Bigcommerce Analytics, an "enterprise-grade real-time reporting tool"; the Single Click App Store, an "easy way for merchants to integrate their store with the other software they use to run their business"; one-click payment setups that integrate with PayPal, Stripe, and more; and a new theme store with several dozen new free and premium themes. The capital raised this week is expected to help Bigcommerce expand its product development and global marketing efforts, and CTO Robert Alvarez has gone on record saying he expects the company to file for an IPO within the next 24 months.
The company's North American headquarters are located in Austin. It's served more than 55,000 clients, including YETI Coolers and Gibson Guitar.