Advanced search

Information Technology

News

« Back

Retail cloud software company eCommera secures $41 million to embark on global mission to reconfigure retail

February 25, 2014

 

eCommera, a global software-as-a-service (SaaS) and big data company that was formed to help retailers profit from the move to omni-channel commerce, has announced a $41 million Series C funding round – one of the largest raises in its category.

 

Dawn Capital led the round together with investors West Coast Capital, Frog Capital, ePlanet Capital, WPP and new partner Wti. The funding will be used to advance global growth of a next generation “Decision Intelligent Commerce” solution built exclusively for retailers.

 

Founded in 2007, eCommera has grown rapidly and enters this round of funding as one of the fastest growing companies in its segment, with a compound annual growth rate (CAGR) of 46 per cent over the past three years. This has been driven by strong customer demand with over 20 new retailers and brands added to its roster in 2013.

 

“In recent years eCommera is developing rapidly and the team in Bulgaria, which is the largest for the company, has a significant contribution. The investment will stimulate the growth of the company in all locations, including Bulgaria", said Slavi Slavov, Manager for Bulgaria.

 

Source: ecommera.com

Photo: technews.bg