With $40 Million Investment in Bigcommerce, Steve Case’s Revolution Growth Makes Biggest Bet to Date
Revolution Growth, the investment firm from former top AOL execs Steve Case and Ted Leonsis, has closed its biggest investment to date. The fund is betting big on Bigcommerce, an e-commerce software company that helps small businesses set up their own online retail presence, in a $40 million Series C round. Bigcommerce has now raised $75 million. This is just the latest big bet on e-commerce upstarts by Revolution Growth, which recently announced a $20 million-plus investment in Optoro and a similar-sized investment in kids’ clothing maker Lolly Wolly Doodle.