Bigcommerce Gets $50M For Expansion

Austin's Bigcommerce, the developer of e-commerce software, reported this morning that it has raised a $50M, Series D funding, to help expand its business. The funding round was led by SoftBank Capital, and also included Telstra Ventures, American Express, along with General Catalyst and Revolution Growth. Bigcommerce said it would use the funding for product development, growing sales and marketing, and to expand its business to new markets. SoftBank Capital Partner Steve Murray joins the company's board.