Australia and US-based BigCommerce raises $30m Series E led by GGV Capital

Image from BigCommerce website

The Australia and US-based e-commerce platform for online business BigCommerce has raised $30 million financing round led by Silicon Valley and China-based GGV Capital.

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.

Also read: GGV Capital raises $1.2b to back tech startups in US, China

In China’s online-to-offline tech, unicorns are turning into “unicorpses’

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.