BigCommerce, an Austin ecommerce platform, has been steadily landing new customers like Sony and Skullcandy, and it's been finding new ways to integrate with the likes of Instagram, Google and Amazon.
And investors are bullish. On Wednesday, BigCommerce announced it has raised a $64 million growth equity funding round led by Wall Street giant Goldman Sachs. Existing investors General Catalyst, GGV Capital and Tenaya Capital also pitched in on the round.
“Ecommerce is constantly evolving, and brands need technologies that allow them to stay current and competitive," BigCommerce CEO Brent Bellm said in a news release. "With this funding, we will continue investing aggressively in our platform, technology and team to serve customers’ needs at every phase of their growth.”
BigCommerce has raised more than $200 million since being founded in 2009, and it's consistently ranked among the top ecommerce platforms along with big players like Shopify, Magento and WooCommerce.
BigCommerce hasn't disclosed how much revenue it's generating -- or whether it has become profitable. But Bellm told the Austin Business Journal its annual revenue is getting close to $100 million and that the new investment is probably the last round before an IPO or some other form of exit.
The new funding is the largest investment for an Austin tech company since WP Engine announced in January that Silver Lake Partners would contribute $250 million to the company's growth.
Other recent major fundings include Mythic's $40 million Series B, Outdoor Voices' $34 million Series C and TurnKey Vacation Rentals' $31 million Series D.
