We’re excited to announce a major financing deal worth $55 million to further expand our offering of ecommerce technology and services, including new additions to the Volusion and Mozu platforms.
Since 1999, we’ve been dedicated to connecting people and commerce, regardless of business size or experience. Fast forward to 2015, and we’re thrilled to announce that we have secured a new round of financing worth $55 million to further accelerate the development of our two platforms, Volusion and Mozu, and ensure you have the Services and Support needed to further grow your business.
The financing, led by Main Street Capital Corporation, is designed to further modernize the Volusion platform, including the addition of an intuitive new admin and a sophisticated theme engine to be introduced later this year. The funding will also be used to further develop our new enterprise platform, Mozu, including the addition of new features, functionality and integrations. Finally, we’re looking to expand our team of ecommerce experts to ensure we deliver excellent customer experiences for all of our customers and clients.
“This funding is a major milestone in taking our organization to the next level as we move toward an IPO,” said Clay Olivier, CEO. “We now have the additional injection needed to further disrupt the industry by widely expanding Mozu’s modern technology while also better serving the small business community with Volusion. We couldn’t be more excited about the opportunities in front of us.”
We look forward to leveraging this financing and working with all of our customers, clients, partners and networks to further grow your business as we continue to grow ours. Thanks, as always, for your continued support as we share this news – we couldn’t have done it without you.
If you’d like to learn more, you can read the full release here.