Ecwid Closes Series B Funding
Only Platform That Provides
Full-Featured E-commerce on Any Web Presence, World’s Fastest-growing SMB Store-builder, with Customers in 175 Countries
San Diego, CA (May 28, 2014)
The $5 million funding was led by iTech Capital with participation from Runa Capital, which provided Ecwid’s Series A funding. Ecwid will utilize the Series B funds to extend its mobile and social commerce product leadership, further expand its global distribution partner network and grow its sales and marketing teams. Ecwid also will help
Ecwid, used by SMB merchants in 175 countries and in 45 languages, stands apart from other
- plugs seamlessly into any web presence,
- enables retailers to add robust
e-commercewithout limiting their choice of web platform or forcing them to abandon their current website, and
- lets merchants operate multiple online stores on multiple sites simultaneously from a single control panel.
With Ecwid, merchants are not locked into a single website and can easily create stores on any CMS (e.g., WordPress, Joomla, Drupal), sitebuilder (e.g., Yola, Wix, 1&1, Go Daddy), social media or blog.
Ecwid is Facebook’s most popular store builder app, with over 300,000 monthly active users. In addition, Ecwid features mobile responsive design, so stores adapt dynamically to any customer device (e.g., smartphone, tablet, game console, smart TV) regardless of screen size. Ecwid is popular because it is a true
Mr. Davidyuk has now joined the Ecwid, Inc. board of directors. Ecwid goes along with the software ecosystem, rather than fights against it, and can be used by merchants without IT support, comments Dmitry Chikhachev, Runa Capital managing partner. Ecwid’s architecture also is so advanced and light it pioneered social commerce, a first step in the distributed commerce trend: where multiple, synchronized online and offline storefronts are possible for merchants of any size.
My quest to democratize
Ecwid began as a way to let merchants sell from any website they prefer, without having to abandon their investment in an existing site or be locked into a dedicated
Ecwid is a
About iTech Capital
iTech Capital is a global Private Equity & Venture Capital firm focused on investments in digital economy companies around the world. Its pioneer fund, iTech Fund I, LP was established in 2011 and is supported by iTech Advisors Limited investment team, which provides advisory and supervisory services over its Russian assets to the Fund. The iTech Fund I, LP portfolio is comprised of equity injections in IT companies operating in Russia, Asia and Europe. The iTech Capital investment team’s global expertise fosters
About Runa Capital
Runa Capital is a $135M venture capital firm established to seek investment opportunities in the rapidly growing areas of the tech sector, with specific focus on cloud computing and other hosted services, virtualization and mobile applications. Partners and fund investors have experience in creating/developing global companies with assets worth more than $10 billion. Runa Capital’s investments announced to date include: Nginx, Jelastic, Ecwid, Zopa, Acumatica, Infratel, drchrono, Wallarm and others. For more info, visit www.runacap.com.