Elastic Path Software Inc., a Vancouver, Canada-based provider of ecommerce solutions for large brands, secured CDN$5.35m in equity funding.
The round was led by BDC Venture Capital IT Fund, with participation from Yaletown Venture Partners and individual investors.
The company will use the funds to continue developing its products.
Led by Harry Chemko, CEO, Elastic Path provides large brands with patent-pending enterprise commerce software to maximize revenue from their goods, services, and content via multiple touchpoints – websites, apps, APIs, etc. It brings omnichannel ecommerce, subscriptions, and enhanced connectivity right into content management platform Adobe Experience Manager.
The company has more than 200 customers, including Google, Virgin Media, LVMH, Western Union, TeliaSonera, Kiabi, and Motability.
Elastic Path has 150 employees in Vancouver, Canada and the UK.
FinSMEs
10/09/2014