Volusion Gets $55 Million in Venture Capital

gI_102581_Funding Blog AnnounceVolusion, which makes e-commerce software, has received $55 million in venture capital led by Main Street Capital Corp.

The Austin-based company plans to use the money to further develop its enterprise platform, Mozu, and its small to medium sized business platform, Volusion.

“Supporting Volusion’s vision as they generate significant growth with the Mozu platform is a natural fit for us,” Dwayne Hyzak, Chief Operating Officer and Senior Managing Director of Main Street Capital Corporation said in a news release.
“Not only do we look forward to Mozu creating even more waves in the enterprise ecommerce space, but we are very excited about the opportunity to expand Volusion’s proven model of success and profitability.”

Volusion released Mozu last year and reported it has quickly gained customers.

“Mozu’s first year went better than any of us could have anticipated and this round of funding will be instrumental in fanning the fire of Mozu altering the enterprise space,” Clay Olivier, CEO of Volusion said in a news release.

“This funding is a major milestone in taking our organization to the next level as we move toward an IPO,” Olivier said.

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