Commerce Guys Series B
United States / France

Open source e-commerce software

$7,300,000

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Overview & Background

Commerce Guys is the creator of Drupal Commerce, a leading open source e-commerce solution powering (as of June 2014) more than 38,000 active sites, including those of Cartier, Eurostar, NBC Universal and Royal Mail. In May 2014, the company launched Platform.sh, a ground-breaking cloud development and hosting solution that reduces developer time spent on web projects by up to 25%. Platform.sh is expected to complete Commerce Guys’ transition to a recurring, product-centric business model.

Positioning Process

We acted as Commerce Guys’ exclusive financial advisor throughout the transaction. Approaching a mix of local and international investors, We positioned the company as a best-in-class e-commerce solution with a highly engaged user community, together with significant upside from Platform.sh.

Results

Commerce Guys raised €5.3mn ($7.3mn) from new investor Hi Inov (the family office investment firm of Dentressangle Initiatives), with support from existing investors Alven, ISAI and Open Ocean. The funds will be used to accelerate the global launch of Platform.sh, by significantly boosting the company’s Sales & Marketing function in both the United States and Europe.