The e-commerce platform Ecwid announced yesterday that it has closed $5 million in its second round of funding. According to the startup, the money will be used toward Ecwid’s mobile- and social-commerce products, adding more partners to its global distribution network and increasing its sales and marketing teams. Additionally, Ecwid wants to work toward integrating its online cart with merchants’ point-of-sale (POS) systems.
Tech Capital managing partner Gleb Davidyuk is a managing partner at Tech Capital, which invested in this most recent round of funding. Davidyuk said in a company statement that Ecwid saw such “stellar growth” because it is a true sell-anywhere storefront with universal integration on any online platform.
“Ecwid’s market of small business merchants also is where the e-commerce growth of the next decade will be found,” Davidyuk said. “There are millions of sites built with WordPress, Wix, Squarespace, Weebly and Yola that now can embed a full-featured store in minutes. This is a great business opportunity, a great management team and much potential growth for our shareholders.”
Currently, Ecwid’s shopping cart is available in 175 countries and in 45 languages. According to company statements, Ecwid has more than 500,000 registered users and hopes to continue to grow globally.
“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.
