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Bigcommerce Raises Big Money

  • Mashable, Friday, November 21, 2014 12:47 PM

Two guys from Sydney have received an extra $50 million in funding for their ecommerce startup, Bigcommerce, with the company's valuation hitting $500 million. The Series D funding was led by SoftBank Capital, investors in the outrageously successful Chinese e-commerce company Alibaba, with Telstra Ventures, American Express, as well as existing investors General Catalyst and Revolution Growth behind the boost. This brings the company's total funding to $125 million which will allow them to compete in a market dominated by the likes of Amazon and eBay.

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