BigCommerce

Last updated
BigCommerce Inc.
Company type Public
Industry eCommerce
Founded2009;15 years ago (2009)
Founder
  • Eddie Machaalani
  • Mitchell Harper
Headquarters Austin, Texas, US
Key people
  • Brent Bellm (CEO)
  • Robert Alvarez (CFO)
ProductsHosted Shopping Cart
Revenue$219.9 Million(2021) [1]
Number of employees
1,300 [1]
Website www.bigcommerce.com

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] [4]

Contents

History

BigCommerce was founded in Sydney, Australia in 2009 by Australians Eddie Machaalani and Mitchell Harper, who met in an online chatroom in 2003. [5] One year after meeting, Machaalani and Harper launched their first company, Interspire, which evolved into BigCommerce. [5] The company opened its first United States office in Austin, Texas in 2009. [6]

The company raised $15 million in Series A funding from General Catalyst in July 2011. [7]

In 2014, the company expanded its presence on the West Coast, opening a San Francisco office and hiring personnel from PayPal and Amazon. [4] 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. [2] [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

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References

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