BigCommerce raises $30 million with HomeAway exec at the helm

by Colin Morris
May 10, 2016

BigCommerce announced a $30 million round of equity funding led by Menlo Park, Calif.-based GGV Capital today.

“This new financing follows on the successful launch of several new products, our partnerships with major players in ecommerce like eBay and Square, and our successful expansion into the midmarket,” Bellm said in a statement.

GGV Capital has also backed companies like Alibaba, Houzz, Square, Slack and Domo. Managing Partner Jeff Richards will join the BigCommerce board of directors.

“We believe we are still in the early innings of a massive global shift from offline to online retail, with mobile and younger demographics driving the trend,” Richards said in a statement. “BigCommerce and its competitors have brought hundreds of thousands of merchants online in the past few years, but there are millions left to come online – and today’s shopper shops online first.”

BigCommerce makes software that enables those SMBs to quickly build and maintain online stores. They opened a downtown office at 800 Brazos Street last fall to accommodate their growing engineering team. The company's headquarters on 4 Points Drive, northwest of downtown, offers a virtual tour on Google Maps.

Bigcommerce is headquartered in Austin, but it was founded in Australia by Eddie Machaalani and Mitchell Harper before moving stateside in 2009.

They have raised more than $155 million in total, and recently hired former HomeAway COO Brent Bellm as its CEO.

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