Austin Startup BigCommerce Books $40M Series “C” As In Case, Steve Case

stevecaseA few years ago, people were concerned about the likes of Walmart and Barnes and Noble coming into a town and closing down small businesses.

Then, Amazon came along, and we were suddenly worried about the local Barnes and Noble going under.

Amazon is obviously a giant, selling everything from clothes to books to niche home accessories. They operate on razor thin margins and are constantly expanding and revamping. Now, in our home at least, it’s common to hear, “I’m checking out on Amazon. Need anything?”

Amazon could easily take over the world.

Except, people still love their small, local businesses, too. While Amazon is growing in popularity, so is the local movement, and plenty of people would prefer to shop 100% local. They like supporting small operations. If only shopping at small businesses was as easy as shopping on Amazon…

Thanks to Bigcommerce, for a lot of businesses it is.

Based in Austin and Sydney, Bigcommerce has been battling the curse of Amazon since 2009. Small businesses–both brick and mortar and fully virtual–can use the service to set up an online store, and Bigcommerce’s tools will make it as fluid and easy for customers as Amazon. They also have a variety of features that help a small business rank high in search, build apps, and analyze data.

bigcommerceMost small businesses may know very little about running an online business. Bigcommerce helps them out with the Success Squad, a group of employees who train business owners in using the platform. And, their prices cater to the small business crowd with packages starting at $25/month.

On Friday, Bigcommerce announced a series C round: $40 million exclusively from Steve Case’s Revolution Growth VC firm. Case will join the company’s board.

Before this round, the company had already raised $35 million. They weren’t hurting for money, but they have big plans for the extra funds.

“The new funding will help us build out our platform even more quickly, with a focus on empowering mobile commerce, creating a more robust app ecosystem, better serving our clients, and going global,” Bigcommerce said on their blog.

With the explosion of mobile in the US market, the ability to sell through a smartphone is critical. Bigcommerce will soon offer the service to their customers, making them even more competitive with Amazon.

Bigcommerce’s goal is to democratize e-commerce, to make it as easy for the little guy to succeed as the Amazons of the world. With their new investment, the future is looking sunny.EECincyBanner

Washington DC Startup: KikScore Aquired By Google

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Google has Acquired a Wahington DC startup called KikScore. KikScore is an online reputation startup that helps smaller online businesses build reputations and become more trusted for consumers.

CEO and co-founder Rajeev Malik created KikScore after his wife noticed that people would fill up their shopping carts on her furniture website and then abandon them. Malik and his wife did some research and discovered that most incomplete shopping cart purchases were partially based on the customers trust, or lack thereof, of the merchant.

Malik describes KikScore on their blog as:
a patent-pending online reputation score and interactive report card for small businesses around the world. KikScore enables online small businesses to take information and reputational data about themselves, their track record of responsibility and dependability and show their website visitors that their business can be trusted. Small businesses do this by placing the interactive KikScore Confidence Badge, real-time merchant report card and comment platform on their website so they can close more leads and sell more.

KikScore’s other co-founders are Travis Valentine CTO, Mike Collins Head of Product, Mike Mauseth Board of Advisors member, and Tom Lewis another Board Of Advisors member.

This article from SocialMatchbox positions the acquisition as a straight up acquisition without acquihire. Malik told SocialMatchbox that he aimed to spend more time with his budding family and work on his next startup.

Google will most likely fold KikScore into their current Trusted Stores product that falls under the Google Checkout/Google Wallet department.

Linkage:

Source: socialmatchbox.com

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