Magento Receives $22,500,000 New Funding Round

  • Feed Type
  • Date
    3/15/2010
  • Company Name
    Magento
  • Mailing Address
    11832 W Pico Blvd Los Angeles, CA 90064
  • Company Description
    Magento was a direct response to the emerging new needs of today’s online merchants. More than any feature or functionality what our clients really needed was “flexibility.” Our primary goal with Magento was to develop a platform that put the control back in the hands of the online merchant and placed no constraints on business processes and flow.
  • Website
    http://www.magentocommerce.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $22,500,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed.
  • M&A Terms
  • Venture Investor
    Undisclosed