$21.5 million financing completed by Symphony Commerce


XDATA – September 4th 2014

symphonyA $21.5 million unregistered equity financing by Symphony Commerce successfully drew to a close. The non-brokered investment round was placed among nine investors. The subscription started on August 20th. The company closed three previous unregistered private placements which raised an estimated $14.87 million.

Symphony Commerce develops and markets an end-to-end e-commerce or commerce-as-a-service solution. The company provides the e-store, fulfillment, and marketing tools which are on a pay-as-you-go basis, so costs move at the pace of sales. The company is backed by FirstMark Capital and Bain Capital Ventures.

The company, headquartered in San Francisco CA, is led by Harish Abbott (CEO). Symphony Commerce elected to keep its revenues undisclosed.
The executive team includes Henry Kim, Justin Jow and Marc Chapman.
The board of directors includes Ajay Agarwal, Devdutt Yellurkar and Richard Heitzmann.

The company has raised an estimated total of $36.37 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Symphony Commerce
Industry: Other Technology
Amount offered: $21.5 million
Amount placed: $21.5 million
First sale: 08-20-2014
Data as of: 09-04-2014

For more information visit www.XDATA.co

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s