Digg icon reddit icon Stumbleupon icon
Print Email     Print Edition Stories

Wednesday, April 22, 2009

Demandware lands $15M in fourth funding round

By Galen Moore

Demandware Inc. has raised $15 million in a Series D funding, according to documents the Woburn-based e-commerce company filed yesterday with federal regulatory authorities.

The new funds bring Demandware’s total investment to at least $46 million. The company makes an e-commerce platform that it delivers on demand to retail customers. Yesterday, the company announced a new installment of its software, adding new features in search, promotions, page caching and site customization, according to a press release.

Demandware’s investors include Cambridge-based General Catalyst Partners and Waltham-based North Bridge Venture Partners. General Catalyst managing director Larry Bohn holds a board seat, as does North Bridge’s Michael Skok.

Last December, the company, founded in 2004 by executive chairman Stephan Schambach, brought on CFO Scott Dussault, who was the former CFO at data storage firm Archivas Inc.

Last May, Demandware acquired the intellectual property assets of former customer n2N Commerce Inc., an e-commerce provider backed by General Catalyst and Victoria’s Secret Direct, after n2N closed its doors.

Demandware executives could not immediately be reached for comment.

 

Digg icon reddit icon Stumbleupon icon
Contact Editor Latest News

Comments

Please Login/Register to post comments.

No comments have been added or approved.

On the MHT blog now

Flagsuit wins another NASA Astronaut Glove Challenge

Southwest Harbor, Maine's Peter Homer won $450,000 in NASA's Astronaut Glove Challenge yesterday. This is Homer's second time winning the contest. Homer's first win in 2007 launched his startup, Flagsuit. Flagsuit is developing pressure suits using the same technology as Homer's prizewinning gloves -- for use as a wearable substitute for hyperbaric chambers used to treat conditions such as ...

Read More

Bryant University Graduate School
Most Popular Stories
EmailedViewed
Stay Informed
Check which newsletter you'd like to receive.
TechFlash (Daily)
FinanceFlash (Daily)
BioFlash (Daily)
GreenFlash (Weekly)
Startup Report (Weekly)
Breaking news, MHT events, local announcements
RSS feeds
Your email:

Affiliate publications: ACBJ.com, Boston Business Journal, Bizjournals.com, Portfolio.com, Wired.com

Web Site Developed by Neptune Web, Inc.

Use of, registration on, this site constitutes acceptance of our User Agreement. Please read our Privacy Policy (updated) A publishing partner with Portfolio