Ecommerce juggernaut Bigcommerce nabs $50M

Ecommerce startup Bigcommerce has just secured a fresh $50 million in funding to make sure it continues growing like wildfire, the company announced today.

The startup offers a cloud-based platform that makes it easy for small- and medium-sized businesses to create an online store. This is important because many brick-and-mortar retail shops aren’t able to properly compete without an online store due to a lack of resources or technical background. Bigcommerce fixes that and has over 55,000 businesses across the globe using its platform that have generated nearly $5 billion in revenue. More recently, the company announced a partnership with international online retail giant Alibaba, as VentureBeat previously reported.

Bigcommerce said it plans to use the additional capital to invest in product development, continue its steady pace of growth, and expand into new markets. SoftBank Capital led the round, with participation from Telstra Ventures, American Express, General Catalyst, and Revolution Growth. As part of the funding deal, SoftBank Capital partner Steve Murray will join Bigcommerce’s board.

Founded in 2009, the Austin, Texas-based startup has raised a total of $125 million in funding to date.