Commerce Guys Receives $7.3 Million in Funding
Rising open source eCommerce vendor closes its Series B and announces the launch of its second-generation Platform as a Service.
ANN ARBOR, Mich., June 2, 2014-- Commerce Guys, the creator of Drupal Commerce, announces receiving $7.3 million in venture funding. The round represents Series B and was led by venture capital company Hi Inov, alongside venture capital firms already involved: ISAI, Alven Capital and Open Ocean Capital. The purpose of this funding is to accelerate the worldwide launch of Platform.sh, the cloud development and hosting solution by Commerce Guys.
"We are very pleased to welcome Hi Inov among the investors of Commerce Guys. This round of funding will enable a significant boost in sales and marketing around our cloud solution, Platform.sh. Launched last month, it has been very favorably received by drupal sites end users and our integration partners around the world,” said Frédéric Plais, Chairman and CEO of Commerce Guys.
Drupal Commerce software is already a worldwide success. In two and a half years, nearly 38,000 sites have been developed with this technology, including prestigious eCommerce sites such as Cartier, Eurostar, Guerlain, Krispy Kreme, Lush, Makeup Forever, NBC Universal, Royal Mail, Stanford University, and others.
Enterprise sites particularly appreciate the versatility and flexibility of Drupal Commerce to adapt to their specific business models and legacy systems, providing development teams with the tools to build successful web experiences combining branded content and eCommerce.
Platform.sh fits into this framework. This second-generation Platform-as-a-Service (PaaS) offers web application developers the opportunity to implement Continuous Delivery in an environment that is economical, efficient and secure. Initial results from integrators indicate increased productivity, saving up to 25% time spent on a web project.
"We were impressed by the quality of the Commerce Guys management team. Fred Plais has gathered an extremely talented international team for Commerce Guys, mobilized around a large and growing global market opportunity,” said Valérie Gombart, Director General Hi Inov and now director of Commerce Guys.
"After successfully developing a business with value-added services for the large Drupal community, Commerce Guys has now launched their revolutionary new product, Platform.sh. Platform.sh is a continuous delivery & development cloud hosting solution for eCommerce sites and their integrators and agencies. In addition to providing unprecedented ROI for it's customers, Platform.sh will enable rapid scaling of the Commerce Guys business, similar to the kind of growth we have earlier experienced with MySQL," said Tom Henriksson, partner at Open Ocean Capital.
About Commerce Guys
Commerce Guys is the creator of Drupal Commerce, an eCommerce solution powering more than 38,000 active sites in the world, including sites like Cartier, Eurostar, Guerlain, Lush, NBC Universal, Royal Mail, and Stanford University.
Drupal Commerce is revolutionary software integrating commerce, content and community to create engaging Web experiences that bring e-retailers more traffic to drive more results.
Platform.sh is a continuous delivery cloud hosting solution developed by Commerce Guys, an innovative Platform as a Service (PaaS) enabling merchants to change their site quickly, cheaply, and at will, without worrying about issues related to the administration system.
Commerce Guys’ technology and expertise provides online merchants with the powerful, responsive and innovative eCommerce solutions they need to thrive.
Commerce Guys won 8 awards in 2013, including the overall grand prize and the gold prize in the technology category at the E-commerce Awards 2013. The company was also awarded the gold prize for best new electronic software solution at the 2013 American Business Awards, also known as The Stevies.
Visit us at CommerceGuys.com.
Develop on Platform at Platform.sh.
Be a part of the movement at DrupalCommerce.org.
Follow on Twitter (@commerceguys) and Facebook (facebook.com/commerceguys).
About Hi Inov
Hi Inov is the family office investment firm of Dentressangle Initiatives. Hi Inov targets young innovative companies in the digital technology areas of POS and SaaS software dedicated to digital business, complex or niche e-commerce, e-services, digital media, Internet Mobile and communication devices.
The company is led by Pierre-Henri Dentressangle (Chairman) and Valérie Gombart (Director General).
Visit us on http://www.hiinov.com.
Follow on twitter (@hiinov ) and LinkedIn.
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