Wednesday, January 4, 2017

Magento Commerce Raises $250M

Campbell, California-based Magento Commerce, which develops e-commerce software, has raised $250M in an investment round, from Hillhouse Capital. Magento said the funding goes towards growth strategy, worldwide expansion of sales, marketing & client support, new product innovation and future acquisitions. Hillhouse and Magento said that Permira funds will continue to own a majority stake in the company. Magento is led by Mark Lavelle. More information »