Big Commerce Lands $64 Million Investment from Goldman Sachs

BigCommerce, the ecommerce platform, announced Wednesday that it has closed on $64 million in growth equity funding, led by Goldman Sachs.

Other investors include General Catalyst, GVC Capital and Tenaya Capital. To date, BigCommerce has raised more than $200 million.

“Our mission is to help every business selling online maximize success through the benefits of SaaS,” Brent Bellm, CEO for BigCommerce said in a news release. “Ecommerce is constantly evolving, and brands need technologies that allow them to stay current and competitive. With this funding, we will continue investing aggressively in our platform, technology and team to serve customers’ needs at every phase of their growth.”

“We are excited to partner with Brent and the BigCommerce team,” Holger Staude, Vice President Private Capital Investing at Goldman Sachs, said in a news release. “BigCommerce is an acknowledged leader in SaaS ecommerce for the mid-market, and given its track record and scale we see tremendous opportunity for continued growth.”

BigCommerce has recently struck strategic partnerships with Amazon, eBay, Facebook, Google, Instagram, Square and PayPal. In particular, BigCommerce expanded its partnership with Instagram to enable shopping on the platform for its brands.

“The overwhelming interest we received for this round further validates our belief that the future of ecommerce is powered by SaaS,” Russell Klein, Chief Development Officer for BigCommerce, said in a news release. “We look forward to leveraging Goldman Sachs’ considerable resources and expertise.”

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