Bigcommerce, a company that makes e-commerce an accessible element for small businesses, has gained significant financial support from Revolution Growth, an investor of companies “that change the world”. Revolution Growth’s co-founder Steve Case has also joined the Bigcommerce board to complement the move.
Launched in 2009, Bigcommerce changed the cost of the traditional e-commerce platform from an outright fee of thousands, to a monthly service of $25.
“Bigcommerce is the big equaliser," says newly appointed board member, Steve Case.
"[It allows] every entrepreneur to have Amazon-like e-commerce capabilities in hours, not months or years.”
Revolution Growth’s investment in Bigcommerce is the fund’s largest investment to date. The new funding will go towards the company building out its platform, diversifying its ecosystem of apps, and developing new features and capabilities. It also hopes to expand into international markets.
Case said Bigcommerce reflects Revolution Growth’s philosophy that “technology can enable any entrepreneur, in any industry, located anywhere, to build a successful, high-growth business.”
“When you combine [Bigcommerce’s founders] Eddie and Mitchell’s leadership with Revolution’s track record scaling built-to-last companies, there is real potential for Bigcommerce to reach millions of new businesses and unleash the next wave of e-commerce around the world.”