The e-commerce publisher Magento raises 22.5 million dollars to keep its growth.

After becoming the standard in terms of open source solution for creating e-commerce websites, Magento continues its growth by announcing a fundraising of $ 22.5 million.

According to “TechCrunch,” the company is repositioning itself in several high-growth electronic trade segments and now aims to become the publisher of the largest platform for creating e-commerce websites in the world. In addition to developing its reputation, Magento Commerce will launch new products, including a SaaS application for mobile, which represents a high-growth sector.

Magento is currently used by over 60,000 merchants and the software has been downloaded more than 1.5 million times. The company also says they have registered over $15 billion in transactions to date.

Related Posts:

Tags: ,

Leave a Reply

CommentLuv Enabled

Notify me of followup comments via e-mail. You can also subscribe without commenting.