XDATA – September 4th 2014
A $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.
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