The comes close after GGV Capital’s announcement of the the completion of $1.2 billion fundraising last month.
BigCommerce’s existing investors including Stephen Schambach, founder and former chairman of Demandware, also participated in the round. Furthermore, GGV Capital’s managing director Jeff Richards will join the board of directors.
“We believe we are still in the early innings of a massive global shift from offline to online retail, with mobile and younger demographics driving the trend,” Richards said in the statement. “BigCommerce and its competitors have brought hundreds of thousands of merchants online in the past few years, but there are millions left to come online – and today’s shopper shops online first.”
Launched in May 2015, BigCommerce has been been used by thousands of mid-market brands to power their online businesses. To date, it has processed more than $9 billion in sales through its platform.
It also claims that thousands of merchants set up the shops on its site monthly, and more than 1,000 partners offer their software and services on the BigCommerce marketplace.
“BigCommerce is benefiting from the retail industry shifting online, with every small, mid-sized and large merchant in the world seeking to gain a piece of the $1 trillion ecommerce market,” Brent Bellm, CEO of BigCommerce, said.
In the first quarter, it launched the Stencil development framework and a suite of new themes, allowing developers and customers customise their stores on the platform and hundreds of retailers have relaunched their store with a new theme, including LaQuan Smith, Saint Heron by Solange Knowles and GolfEtail.