Welcome!

@CloudExpo Authors: Yeshim Deniz, Elizabeth White, Pat Romanski, Liz McMillan, Aruna Ravichandran

News Feed Item

Ecwid Closes Series B Funding; Now Has 500,000 Registered Merchants Globally

Ecwid, the only e-commerce solution that lets retailers add an online store to any web platform and to multiple online sites simultaneously, announces it has closed its Series B investment, which will be used to accelerate its rapid growth which has surpassed 500,000 registered merchants worldwide.

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 small- to medium-sized (SMB) merchants get online and synchronize their offline and online commerce by tightly integrating e-commerce with their point-of-sale systems.

Ecwid, used by SMB merchants in 175 countries and in 45 languages, stands apart from other e-commerce solutions because it 1) plugs seamlessly into any web presence, 2) enables retailers to add robust e-commerce without limiting their choice of web platform or forcing them to abandon their current website, and 3) 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 sell-anywhere storefront with universal integration on any online platform. This is a reason it has had stellar growth and profitability with a first round funding of just $1.5 million,” says Gleb Davidyuk, managing partner of iTech Capital. “Ecwid’s market of small business merchants also is where the e-commerce growth of the next decade will be found. There are millions of sites built with Wordpress, Wix, Squarespace, Weebly and Yola that now can embed a full-featured store in minutes. This is a great business opportunity, a great management team and much potential growth for our shareholders.”

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 e-commerce started in 2000 when I founded X-Cart, the first PHP e-commerce platform. Online store builders have not changed much since then, using the same ‘dedicated e-commerce site’ approach,” comments Ruslan Fazlyev, founder and CEO of Ecwid. “But Ecwid was engineered to be a game changer, making it possible to add a full-featured store to any existing web site, while preserving its design. It is exciting to see this vision come to fruition, and with strong partners like iTech and Runa, we look forward to accelerating our growth and continuing to improve our product.”

"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 e-commerce website. We used our first funding round to deliver this choice and flexibility to small businesses, and also to bring them rich functionality for mobile and social commerce,” said Jim O’Hara, president of Ecwid. “This new round of funding allows us to help merchants converge their offline and online sales through our POS and mobile POS integration, so they can sell their products anywhere at any time, offline or online and from any device. We also will extend the rapid growth of our network of site-builder, CMS, hosting and payments partners globally."

About Ecwid: Ecwid is a full-featured, cloud-based e-commerce platform that allows SMBs to create professional online stores and embed them into any existing web, mobile, or social site in minutes, and operate multiple online stores with point-of-sale integration simultaneously. Ecwid, available directly or through trusted partners, has 500,000 registered merchants in 175 countries, and is available in 45 languages. A free plan is available. The Ecwid Facebook app is the leading shopping cart application on Facebook, used by more than 300,000 monthly active users. For more info, visit http://www.ecwid.com/.

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 long-term capital growth in IT, Web, E-Processing and New Media related projects. For more info, visit http://itcap.ru/.

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.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@CloudExpo Stories
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
SYS-CON Events announced today that TidalScale, a leading provider of systems and services, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale has been involved in shaping the computing landscape. They've designed, developed and deployed some of the most important and successful systems and services in the history of the computing industry - internet, Ethernet, operating s...
Infoblox delivers Actionable Network Intelligence to enterprise, government, and service provider customers around the world. They are the industry leader in DNS, DHCP, and IP address management, the category known as DDI. We empower thousands of organizations to control and secure their networks from the core-enabling them to increase efficiency and visibility, improve customer service, and meet compliance requirements.
In his session at 21st Cloud Expo, Michael Burley, a Senior Business Development Executive in IT Services at NetApp, will describe how NetApp designed a three-year program of work to migrate 25PB of a major telco's enterprise data to a new STaaS platform, and then secured a long-term contract to manage and operate the platform. This significant program blended the best of NetApp’s solutions and services capabilities to enable this telco’s successful adoption of private cloud storage and launchi...
Data scientists must access high-performance computing resources across a wide-area network. To achieve cloud-based HPC visualization, researchers must transfer datasets and visualization results efficiently. HPC clusters now compute GPU-accelerated visualization in the cloud cluster. To efficiently display results remotely, a high-performance, low-latency protocol transfers the display from the cluster to a remote desktop. Further, tools to easily mount remote datasets and efficiently transfer...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, will lead you through the exciting evolution of the cloud. He'll look at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering ...
SYS-CON Events announced today that Avere Systems, a leading provider of enterprise storage for the hybrid cloud, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Avere delivers a more modern architectural approach to storage that doesn't require the overprovisioning of storage capacity to achieve performance, overspending on expensive storage media for inactive data or the overbui...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, will go over the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, applicatio...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
SYS-CON Events announced today that N3N will exhibit at SYS-CON's @ThingsExpo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. N3N’s solutions increase the effectiveness of operations and control centers, increase the value of IoT investments, and facilitate real-time operational decision making. N3N enables operations teams with a four dimensional digital “big board” that consolidates real-time live video feeds alongside IoT sensor data a...
SYS-CON Events announced today that TidalScale will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale is the leading provider of Software-Defined Servers that bring flexibility to modern data centers by right-sizing servers on the fly to fit any data set or workload. TidalScale’s award-winning inverse hypervisor technology combines multiple commodity servers (including their ass...
As hybrid cloud becomes the de-facto standard mode of operation for most enterprises, new challenges arise on how to efficiently and economically share data across environments. In his session at 21st Cloud Expo, Dr. Allon Cohen, VP of Product at Elastifile, will explore new techniques and best practices that help enterprise IT benefit from the advantages of hybrid cloud environments by enabling data availability for both legacy enterprise and cloud-native mission critical applications. By rev...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant th...
Digital transformation is changing the face of business. The IDC predicts that enterprises will commit to a massive new scale of digital transformation, to stake out leadership positions in the "digital transformation economy." Accordingly, attendees at the upcoming Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA, Oct 31-Nov 2, will find fresh new content in a new track called Enterprise Cloud & Digital Transformation.
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, will discuss how given the magnitude of today's applicati...