Company:BigCommerce

From HandWiki
Short description: E-commerce company
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

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]

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 , 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.[12]

See also

References

  1. ↑ 1.0 1.1 "BigCommerce SEC Filing". https://investors.bigcommerce.com/node/8581/html. 
  2. ↑ 2.0 2.1 Wilhelm, Alex (13 July 2020). "BigCommerce files to go public". TechCrunch. https://techcrunch.com/2020/07/13/bigcommerce-files-to-go-public/. 
  3. ↑ Mac, Ryan (19 November 2014). "SoftBank Continues E-commerce Kick As Bigcommerce Raises $50 Million". Forbes. https://www.forbes.com/sites/ryanmac/2014/11/19/softbank-continues-e-commerce-kick-as-bigcommerce-raises-50-million/?sh=697bf1ac4027. 
  4. ↑ 4.0 4.1 Kokalitcheva, Kia (19 March 2014). "Bigcommerce grabs two key new hires and a new SF office to keep ‘democratizing retail'". Venture Beat. https://venturebeat.com/2014/03/19/bigcommerce-grabs-two-key-new-hires-and-a-new-sf-office-to-keep-democratizing-retail/. 
  5. ↑ 5.0 5.1 Ryall, Jenni (19 November 2014). "2 Aussies who met in a chat room created a start-up valued at $500 million". http://mashable.com/2014/11/19/bigcommerce-50-million-funding/. 
  6. ↑ Edgemon, Erin (3 September 2019). "First look: BigCommerce expands Austin HQ". Austin Business Journal. https://www.bizjournals.com/austin/news/2019/09/03/first-look-bigcommerce-expands-austin-hq.html. 
  7. ↑ Rao, Leena (31 July 2011). "BigCommerce Raises $15 Million To Help Retailers Manage E-Commerce". https://techcrunch.com/2011/07/31/bigcommerce-raises-15-million-to-help-retailers-manage-e-commerce/. 
  8. ↑ Shu, Catherine (29 April 2015). "Bigcommerce Acquires Checkout And Inventory Software Startup Zing". TechCrunch. https://techcrunch.com/2015/04/29/bigcommerce-zing/. 
  9. ↑ Rao, Leanna (8 June 2015). "Bigcommerce adds payments, marketplace expertise with new CEO". Fortune. https://fortune.com/2015/06/08/bigcommerce-new-ceo/. 
  10. ↑ Staff (12 October 2016). "BigCommerce has integrated its inventory tracking with Amazon". Business Insider. https://www.businessinsider.com/bigcommerce-has-integrated-its-inventory-tracking-with-amazon-2016-10?r=UK&IR=T. 
  11. ↑ Alcantara, Ann-Marie (20 August 2019). "BigCommerce Rolls Out Suite of Tools to Make Life Easier for CBD Brands". AdWeek. https://www.adweek.com/brand-marketing/bigcommerce-rolls-out-suite-of-tools-to-make-life-easier-for-cbd-brands/. 
  12. ↑ 12.0 12.1 Savitz, Eric J. (July 14, 2020). "As Shopify Rallies, Online Rival BigCommerce Files for IPO". Barron's. https://www.barrons.com/articles/as-shopify-rallies-online-rival-big-commerce-files-for-ipo-51594757650. Retrieved 21 July 2020. 
  13. ↑ Tse, Crystal (5 March 2021). "BigCommerce Almost Triples Briefly in U.S. Trading Debut". Bloomberg. https://www.bloomberg.com/news/articles/2020-08-05/bigcommerce-almost-triples-briefly-in-u-s-trading-debut. 
  14. ↑ Alden, William (25 July 2013). "Revolution Fund Invests $40 Million in E-Commerce Start-Up". The New York Times. https://dealbook.nytimes.com/2013/07/25/revolution-fund-invests-40-million-in-e-commerce-start-up/?searchResultPosition=1. 
  15. ↑ Levy, Ari (11 August 2020). "Before BigCommerce's 200% IPO pop, Intuit offered $1.5 billion for the software company". CNBC. https://www.cnbc.com/2020/08/11/before-bigcommerces-ipo-intuit-offered-1point5-billion-for-the-company.html. 

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