BigCommerce

BigCommerce 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]

BigCommerce Inc.
TypePublic
IndustryeCommerce
Founded2009
HeadquartersAustin, Texas
Key people
Brent Bellm (CEO)
Eddie Machaalani (Co-Founder)
Mitchell Harper (Co-Founder)
Robert Alvarez (CFO)
ProductsHosted Shopping Cart
Revenue$219.9 Million(2021)[1]
Number of employees
1,300[1]
Websitewww.bigcommerce.com

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.[16]

See also

References
  1. "BigCommerce SEC Filing".
  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. 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. 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. 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.
  16. Savitz, Eric J. (July 14, 2020). "As Shopify Rallies, Online Rival BigCommerce Files for IPO". Barron's. Retrieved 21 July 2020.
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