Change: offered +10% / raised +38% / placed 100%
|Bigcommerce Holdings closed its unregistered equity offering after increasing the placement’s size by 10% to $55 million. The offer closed after the company raised $15 million from three additional investors within a little more than two weeks. At closing, a total of twelve investors had subscribed to Bigcommerce Holdings‘ offering. The offering’s expected net proceeds amount to $50 million, excluding $5 million earmarked for the payment of officers’ salaries. Up to nowBigcommerce Holdings had raised an estimated $10 million in unregistered securities via one financing round.|
|Bigcommerce Holdings markets and develops a cloud-based platform that provides small- and medium-sized retailers with everything they need to launch, promote, manage and scale a successful online store, complete with themes, order processing, analytics, mobile commerce and marketing tools. The company is backed by SoftBank Capital, Telstra Ventures, American Express, General Catalyst, and Revolution Growth.|
|The company, headquartered in Austin TX, was registered in 2013. Bigcommerce Holdings elected to keep its revenues undisclosed.
The executive team includes Robert Alvarez, Steven Power and Wadih MacHaalani.
The board of directors includes Eric Groves, Lawrence Bohn, Mitchell Harper, Stephen Case and Steven Murray.
The company has raised an estimated total of $65 million via private unregistered security offerings.
Company: Bigcommerce Holdings
Industry: Other Technology
Amount offered: $55 million
Amount placed: $55 million
SEC filing: Source
First sale: 11-18-2014
Data as of: 12-19-2014