Get the latest Venture Capital & Angel investors news and info Join Our Mailing List:

Your Name: 

Your Email:  

*By submitting your name & email you agree to receive for FREE our scholarships & offers Newsletters. You agree also with the storage and handling of your data by this website and 3rd party email services.
You may unsubscribe if you wish. And you can delete your email and name at any time by emailing us to the email on the bottom of this page.

Follow us on

Visit the Business Grant Funding.Net site

Business Grant Funding.Net
 
  • Demandware Secures $12 Million in Series B Funding

    February 15th, 2006 No comments

    Demandware, Inc., provider of the Software as a Service (SaaS)-based ecommerce platform that offers merchants the optimal combination of control, flexibility and a usage-based pricing model, announced that it has raised a $12 million Series B round of funding, bringing its total raised capital to $22 million. This round was co-led by both of Demandware’s Series A investors, General Catalyst Partners and North Bridge Venture Partners, with participation from Demandware management. The financing will be used to support the continuous enhancement of Demandware’s ecommerce solution functionality, support its hiring plans, and expand the Company’s sales and marketing activities in order to capitalize on the market opportunity for ecommerce solutions.

    “We are pleased to have received a vote of confidence from both of our Series A investors through this latest round of funding,” said Stephan Schambach, CEO of Demandware. “Both Larry Bohn of General Catalyst Partners and Michael Skok of North Bridge Venture Partners are experienced and knowledgeable investors in this market space. Our management team is looking forward to working with Larry and Michael to build on our mutual success, leveraging the tremendous knowledge, experience and network of contacts that they offer.” Demandware’s SaaS-based ecommerce solution enables retailers to meet their ecommerce revenue and profitability goals with a unique combination of merchandising control; the flexibility to adapt ecommerce functionality to meet changing business needs; and the optimal profitability that only a usage-based, Software as a Service-enabled pricing model can provide.

    “The Demandware team executed on its vision of developing the first fully customizable, on-demand ecommerce solution,” said Larry Bohn, managing director, General Catalyst Partners. “This is a tremendous accomplishment that is further complemented by a terrific customer list that includes Vermont Teddy Bear, Gardener’s Supply, Zabars, Ansel Adams and Goldspeed.com, among others. Undoubtedly, Demandware has made significant progress since our initial investment and we look forward to working with the team to increase the company’s footprint and continue to deliver the best on-demand ecommerce product in the marketplace.” “Delivering an eCommerce platform using a Software as a Service model presents clear benefits to the rapidly-expanding online retail market,” said Michael Skok, general partner of North Bridge Venture Partners. “Demandware is spearheading the movement by providing merchants with the merchandising control, flexibility, functionality and interoperability of a full ecommerce application suite with a usage-based pricing model. Demandware’s excellent customer traction gives us further confidence in this delivery model and this team’s ability to execute.” According to Gartner, Inc.’s research report, “Software as a Service Will Be Business Model of Choice by 2008,” more than 50 percent of software purchased will be via service by 2008.

Leave a reply

Please leave these two fields as-is:

Protected by Invisible Defender. Showed 403 to 245,844 bad guys.

 

Latest Headlines:

Friday August 31, 2012
Zscaler Secures $38 Million Investment Round


Wednesday November 30, 2011
Health Care Solutions companies Infinity Pharmaceutics, NanoVobronix and Selventa raise funds.


Monday November 21, 2011
Panda Power opens $420 Million Fund for Solar and Natural Gas Projects


Thursday November 17, 2011
Better Place raises $200 Million for Electric Cars in the Series C of Funding


Wednesday November 16, 2011
Accel Partners raise $100 Million Big Data Fund to Invest in Hadoop, NoSQL and other Companies


Tuesday November 15, 2011
Skimlinks raises $4.5 Million to help Bloggers Increase their Gains


Monday November 14, 2011
Standing Cloud raises $3 Million to help New Cloud Providers grow Faster


Thursday November 10, 2011
Zillow acquires Diverse Solutions for $7.8 to help Real Estate Agents increase their Visibility


 

By using this website you agree with our cookie policy