Plimus, an e-commerce startup that is in the process of establishing itself in Silicon Valley, has taken an $18 million first round of funding.
The company makes an e-commerce backbone that other businesses can use to sell their products or services online. Plimus also competes with affiliate program coordinators like Clickbank.
Susquehanna Growth Equity provided the entire $18 million, the first venture funding Plimus has taken. The company is headquartered in San Diego, Calif., maintains R&D centers in Israel, where it was founded, and Ukraine, and has sales headquarters in San Jose, Calif.