BigCommerce explained

BigCommerce Inc.
Type:Public
Industry:eCommerce
Location:Austin, Texas, US
Products:Hosted Shopping Cart
Website:www.bigcommerce.com
Revenue:$219.9 Million(2021)[1]
Num Employees:1,300

BigCommerce Inc. is a NASDAQ-listed ecommerce platform that provides software as a service services to retailers.[2] The company's platform includes online store creation, search engine optimization, hosting, and marketing and security from small to Enterprise sized businesses.[3]

History

BigCommerce was founded in Sydney, Australia in 2009 by Australians Eddie Machaalani and Mitchell Harper, who met in an online chatroom in 2003.[4] One year after meeting, Machaalani and Harper launched their first company, Interspire, which evolved into BigCommerce.[4] The company opened its first United States office in Austin, Texas in 2009.[5]

The company raised $15 million in Series A funding from General Catalyst in July 2011.[6]

In 2014, the company expanded its presence on the West Coast, opening a San Francisco office and hiring personnel from PayPal and Amazon.[7] In 2015, BigCommerce acquired Zing, a checkout and inventory software startup.[8]

Brent Bellm, the former HomeAway COO who led HomeAway through its IPO, replaced Machaalani and Harper as CEO in 2015.[9]

BigCommerce partnered with Amazon in 2016 to provide its retailers with the capability to sync inventory across both channels.[10]

In 2019, the company opened its ecommerce platforms to legally-operating U.S.-based CBD and hemp merchants.[11]

In July 2020, BigCommerce filed for IPO.[12] The company went public on August 5, 2020.[13]

Services

BigCommerce provides software to businesses that helps them set up and manage online and mobile stores, handle payments and currency conversions.[14] [15]

As of June 2020, BigCommerce served 60,000 online stores in 120 countries.[12]

See also

Notes and References

  1. Web site: BigCommerce SEC Filing .
  2. News: Wilhelm . Alex . BigCommerce files to go public . 23 March 2021 . TechCrunch . 13 July 2020.
  3. News: Mac . Ryan . SoftBank Continues E-commerce Kick As Bigcommerce Raises $50 Million . 4 February 2021 . Forbes . 19 November 2014.
  4. Web site: Ryall. Jenni. 2 Aussies who met in a chat room created a start-up valued at $500 million. Mashable. 19 November 2014.
  5. News: Edgemon . Erin . First look: BigCommerce expands Austin HQ . 11 February 2021 . Austin Business Journal . 3 September 2019.
  6. Web site: Rao. Leena. BigCommerce Raises $15 Million To Help Retailers Manage E-Commerce. TechCrunch. 31 July 2011.
  7. News: Kokalitcheva . Kia . Bigcommerce grabs two key new hires and a new SF office to keep ‘democratizing retail' . 2 February 2021 . Venture Beat . 19 March 2014.
  8. News: Shu . Catherine . Bigcommerce Acquires Checkout And Inventory Software Startup Zing . 2 February 2021 . TechCrunch . 29 April 2015.
  9. News: Rao . Leanna . Bigcommerce adds payments, marketplace expertise with new CEO . 4 February 2021 . Fortune . 8 June 2015.
  10. News: Staff . BigCommerce has integrated its inventory tracking with Amazon . 11 February 2021 . Business Insider . 12 October 2016.
  11. News: Alcantara . Ann-Marie . BigCommerce Rolls Out Suite of Tools to Make Life Easier for CBD Brands . 11 February 2021 . AdWeek . 20 August 2019.
  12. News: Savitz . Eric J. . As Shopify Rallies, Online Rival BigCommerce Files for IPO . 21 July 2020 . Barron's . July 14, 2020.
  13. News: Tse . Crystal . BigCommerce Almost Triples Briefly in U.S. Trading Debut . 23 March 2021 . Bloomberg . 5 March 2021.
  14. News: Alden . William . Revolution Fund Invests $40 Million in E-Commerce Start-Up . 2 February 2021 . The New York Times . 25 July 2013.
  15. News: Levy . Ari . Before BigCommerce's 200% IPO pop, Intuit offered $1.5 billion for the software company . 9 February 2021 . CNBC . 11 August 2020.