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.
posted on Wednesday, January 4, 2017 (Link to more information)
Related companies:
Magento, Inc.
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