Companies · Other Technology

BigCommerce Holdings, Inc.

AUSTIN · Other Technology

Diligence memoA one-page analyst read on BigCommerce Holdings, Inc. — recommendation, valuation, rhythm, risks.
$158.7M
Total raised · real
4
Rounds
2.1×
Latest step-up
Top 3%
Sector rank · raised
Series C
Latest stage · inferred · Thu Apr 19 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

BigCommerce Holdings, Inc. looks fair against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the technology sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 1.28× the median modeled value of Series C Other Technology companies in 2016–2018 (94 peers) — value vs value, same stage and era.
  • Within the normal band (128% of peer median) for its niche.
Dormant
  • Last raise 8.2 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

BigCommerce Holdings, Inc. behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
11.6 yr record
Peak capital year was 2016 with $103.9M across 3 filings.
Market position
ahead of 98% of Other Technology peers
Capital scale is ahead of 98% of Other Technology peers; modeled value is above 98% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2016: $103.9M across 3 filings.
  • Largest single filing was $64.0M on 2018-04-19.
  • Filing rows sum to $263.1M, while canonical raised total is $158.7M; likely amendments/superseded rows are mixed into the detail view.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
  • Canonical filtering should be tightened before using row-level totals for diligence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Other Technology

BigCommerce Holdings, Inc. is one of 21302 Other Technology companies tracked from AUSTIN. By capital raised it ranks among the largest (ahead of 98% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
6
Investors (latest)
2018-04-19
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3B$2.5B$3.8B$5.0BSeries B · 2014-11-18 Raised $40M (real) Modeled valuation $1.2B (est)Series B2014Series C · 2014-11-18 Raised $55M (real) Modeled valuation $1.7B (est)Series C2014Series C · 2015-04-28 Raised $204K (real) Modeled valuation $6.4M (est)Series C2015Series B · 2016-04-28 Raised $34M (real) Modeled valuation $1.0B (est)Series B2016Series C · 2016-04-28 Raised $39M (real) Modeled valuation $1.2B (est)Series C2016Series B · 2016-04-28 Raised $30M (real) Modeled valuation $914M (est)Series B2016Series C · 2018-04-19 Raised $64M (real) Modeled valuation $2.0B (est)Series C2018+$55M+$204K+$34M+$39M+$30M+$64MCumulative $263M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series B$40.0M · 2014
Series C$55.0M · 2014
Series C extension$204K · 2015
Bridge · Series C-stage$34.4M · 2016smaller follow-on
Series C extension$39.4M · 2016
Bridge · Series C-stage$30.0M · 2016smaller follow-on
Series C extension$64.0M · 2018

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 40%.

Modeled valuation trajectory
$2.0B
Base estimate est.
$242.5M
Conservative case
$5.3B
Upside case
$426.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Series B · modeled $1.2B · 2014-11-182014Series C · modeled $1.7B · 2014-11-18Series C · modeled $6.4M · 2015-04-28Series B · modeled $1.0B · 2016-04-28Series C · modeled $1.2B · 2016-04-28Series B · modeled $913.7M · 2016-04-28Series C · modeled $2.0B · 2018-04-192018
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
76%
Survival probability
57% low · 88% high
1.35×/yr
Annual markup
1.55×/yr upside case
6.0 yr
Elapsed time used
8.2 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
7 mo
Avg between rounds
$46.4M/yr
Capital velocity
11.6 yr
On record since
2014
First round
7
Rounds on file
How it compares to the market

Benchmarked against 21302 companies in Other Technology. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 50× above median
This company$158.7M
Sector median$3.2M
Latest round — vs other Series C rounds in sector (real $, this stage) 1.3× above median
This company$64.0M
Sector median$50.0M
Modeled value — vs sector median (estimate, all stages) 54× above median
This company$2.0B
Sector median$37.3M

Raised more than 98% of sector peers (real $). Modeled value above 98% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #19 of 94.

This companyCohort peer
$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)PhunCoin, Inc. · Series C Raised $100.0M · modeled $3.1B (est)Cfunworld Ltd · Series C Raised $100.0M · modeled $3.1B (est)Cylance Inc. · Series C Raised $120.0M · modeled $3.1B (est)ACV Auctions Inc. · Series C Raised $123.5M · modeled $2.9B (est)Petuum Holdings, Ltd. · Series C Raised $93.0M · modeled $2.9B (est)BI Global Connect Ltd · Series C Raised $90.0M · modeled $2.8B (est)CradlePoint Inc · Series C Raised $145.3M · modeled $2.8B (est)Arena Holdings, Inc. · Series C Raised $85.5M · modeled $2.7B (est)Nuance Communications, Inc. · Series C Raised $85.0M · modeled $2.7B (est)Safe Parent, Inc. · Series C Raised $84.9M · modeled $2.7B (est)Inovalon Holdings, Inc. · Series C Raised $79.0M · modeled $2.5B (est)Afiniti, Ltd. · Series C Raised $90.9M · modeled $2.4B (est)BigCommerce Holdings, Inc. (this company) Raised $158.7M · modeled $2.0B (est)BigCommerce Holdings, Inc.
CompanyStageRaised · realValue · estvs peer med.
PhunCoin, Inc.Series C$100.0M$3.1B2.00×
Cfunworld LtdSeries C$100.0M$3.1B2.00×
Cylance Inc.Series C$120.0M$3.1B2.00×
ACV Auctions Inc.Series C$123.5M$2.9B1.86×
Petuum Holdings, Ltd.Series C$93.0M$2.9B1.86×
BI Global Connect LtdSeries C$90.0M$2.8B1.80×
CradlePoint IncSeries C$145.3M$2.8B1.78×
Arena Holdings, Inc.Series C$85.5M$2.7B1.71×
Nuance Communications, Inc.Series C$85.0M$2.7B1.70×
Safe Parent, Inc.Series C$84.9M$2.7B1.70×
Inovalon Holdings, Inc.Series C$79.0M$2.5B1.58×
Afiniti, Ltd.Series C$90.9M$2.4B1.56×
BigCommerce Holdings, Inc. this companySeries C$158.7M$2.0B1.28×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series B$40.0M2014-11-18$222.2M$1.2B85%
Series C$55.0M2014-11-18$366.7M$1.7B85%
Series C$204K2015-04-28$1.4M$6.4M85%
Series B$34.4M2016-04-28$191.4M$1.0B90%
Series C$39.4M2016-04-28$263.0M$1.2B90%
Series B$30.0M2016-04-28$166.7M$913.7M85%
Series C$64.0M2018-04-19$426.7M$2.0B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series B$40.0M2014-11-18
    • First recorded raise — entered as Series B.
    • 9 investors on this round.
  2. Series C$55.0M2014-11-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× larger than the prior — scaling up.
    • 12 investors on this round.
  3. Series C$204K2015-04-28
    • Came back fast: 5 mo vs the ~13 mo sector norm.
    • Round 269.1× smaller than the prior — bridge or down round.
    • 16 investors on this round.
  4. Series B$34.4M2016-04-28
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round 168.6× larger than the prior — scaling up.
    • 16 investors on this round.
  5. Series C$39.4M2016-04-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 19 investors on this round.
  6. Series B$30.0M2016-04-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.3× smaller than the prior — bridge or down round.
    • 15 investors on this round.
  7. Series C$64.0M2018-04-19
    • Raised again after 24 mo — slower than the ~13 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • 6 investors on this round.
Intelligence
2018 ~Q4
Modeled next raise · ~7mo cadence
$136.5M
Modeled next size est.range $88.7M$218.5M
2.1×
Last step-up
$46.4M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Jeff Richards15 other2016-04
Steven Murray7 other2014-11
Scott Hilleboe5 other2016-04
Kabir Misra3 other2016-04
Eric Groves2 other2014-11
Lawrence Bohn2 other2014-11
Robert Alvarez2 other2014-11
Stephen Case2 other2014-11
Steven Power2 other2014-11
Brent Bellm1 other2016-04
Don Clarke1 other2016-04
Jeffrey Mengoli2016-04
Kabir Masir2016-04
Kal Raman2016-04
Kari Raman2015-04
Lorrie Norrington2015-04
Mitchell Harper2014-11
Russell Klein2016-04
Tim Schulz2015-04
Wadih Machaalani2014-11
Registry & provenance

BigCommerce Holdings, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1626450
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
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LinkSquares, Inc.Other TechnologySeries C$160.2M$1.9Bsame sector · same stage
CS Disco, Inc.Other TechnologySeries C$155.5M$1.8Bsame sector · same stage
Benefitfocus, Inc.Other TechnologySeries C$154.7M$2.5Bsame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Bigfinite Inc.Other TechnologySeries A$229.7M92%
Big B CorpOther TechnologySeed$4.7M92%
BIGBAG, Inc.Other TechnologyPre-Seed$4.0M88%
SmartCommerce Inc.Other TechnologySeries A$14.4M88%
Bqe Partners, Inc.Other TechnologyPre-Seed$37.1M87%
Wholefin, Inc.Other TechnologySeries A$25.1M87%
1Ecommerce Holdings Inc.Other TechnologyPre-Seed$11.1M87%
LotStocks IncOther TechnologyPre-Seed$6.4M87%
Frequently asked
How much funding has BigCommerce Holdings, Inc. raised?
BigCommerce Holdings, Inc. has raised approximately $158.7M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is BigCommerce Holdings, Inc.'s estimated valuation?
Provath's modeled valuation for BigCommerce Holdings, Inc. is approximately $2.0B (modeled range $242.5M–$5.3B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is BigCommerce Holdings, Inc. at?
BigCommerce Holdings, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Thu Apr 19.
What does BigCommerce Holdings, Inc. do and where is it based?
BigCommerce Holdings, Inc. operates in the Other Technology sector, based in AUSTIN.
Explore related

See where BigCommerce Holdings, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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