StackCommerce has successfully raised $800K over 2 funding rounds, with the latest round being a Seed round in July 2012. The platform serves as a product discovery hub for publishers and brands, connecting them with consumers through engaging content.
Keep reading to explore the intricacies of StackCommerce's fundraising journey and the investors backing this innovative platform.
What Is StackCommerce?
Founded in 2012 by Josh Payne, StackCommerce is a leading product discovery platform based in Los Angeles and Venice. The company connects publishers and brands, enabling users to discover and purchase products directly on publisher sites. With a team of 51-200 employees, StackCommerce powers white-labeled e-commerce shops and on-site checkout solutions for over 1,000 publishers and 5,000 brands.
How Much Funding Has StackCommerce Raised?
- First Round
- Amount Raised: Undisclosed amount
- Date: January 2012
- Lead Investors: Amplify.LA Capital
- Motivation Behind the Round: Typically seed rounds are for initial development and market entry.
- Second Round
- Amount Raised: $800,000
- Date: July 24, 2012
- Lead Investors: 500 Startups, Tim Draper, Paige Craig, Siemer Ventures, Amplify, Jim Pallotta, Rick Merrill, Josh Resnick, Mark Schwartz, Jeff Lapin, EchoVC
- Motivation Behind the Round: To publicly launch the platform and expand its operations, allowing web publishers to integrate commerce into their sites and diversify their revenue sources beyond advertising.
Total Amount Raised: $800,000
Current Valuation: Not disclosed
Key Investors
- 500 Startups
- Details: 500 Startups is a global venture capital firm and seed accelerator. It has invested in over 2,400 companies across 77 countries.
- Investment Focus Areas: Early-stage startups, technology, internet companies
- Notable Investments: Credit Karma, Canva, Udemy
- Tim Draper
- Details: Tim Draper is a prominent venture capitalist and the founder of Draper Fisher Jurvetson. He is known for his early investments in groundbreaking companies.
- Investment Focus Areas: Technology, innovation, disruptive startups
- Notable Investments: Tesla, Skype, Baidu
- Paige Craig
- Details: Paige Craig is an angel investor and entrepreneur with a background in the military and technology sectors. He has invested in numerous early-stage companies.
- Investment Focus Areas: Technology, startups, diverse sectors
- Notable Investments: Lyft, Postmates, AngelList
- Amplify
- Details: Amplify is a startup accelerator based in Los Angeles, providing seed capital, office space, and mentorship to early-stage companies. It focuses on companies at the intersection of technology and entertainment.
- Investment Focus Areas: Early-stage startups, technology, media
- Notable Investments: StackCommerce, Look IO, TidePool
- EchoVC
- Details: EchoVC is a venture capital firm that invests in technology and innovation, particularly in emerging markets. It aims to support entrepreneurs with disruptive ideas.
- Investment Focus Areas: Technology, innovation, emerging markets
- Notable Investments: Hotels.ng, Printivo, Lifebank
What's Next for StackCommerce?
StackCommerce stands at the cusp of significant growth opportunities. By integrating commerce into web publishers' sites, the platform can help diversify revenue streams beyond traditional advertising. With over 50,000 transactions recorded and users saving $7.5 million off retail prices, the potential for expansion is substantial.
Given the success of its seed round, future fundraising seems promising. The involvement of notable investors like 500 Startups and Tim Draper suggests that additional investment rounds could be on the horizon. However, challenges such as competition from other digital commerce platforms and ensuring seamless integration with various publishers' sites remain.
Use Clay to Get Funding Data
Sales professionals, take advantage of Clay's platform to access comprehensive fundraising data on companies like StackCommerce and gather other critical business insights. Sign up for free today and unlock the potential to elevate your sales strategy with detailed, actionable information.
