E-Commerce marketing co. ChannelAdvisor raises cash, trims staff
ChannelAdvisor, a company that lets online retailers manage product marketing across marketplaces such as eBay, Amazon.com, Overstock.com and a series of shopping comparison sites, has raised an additional $20 million, VentureWire reports. The company has also laid off 70 of the company’s 350 employees — including four vice presidents.
According to CEO Scott Wingo in the article, ChannelAdvisor’s revenue has grown more than 55 percent and has more than 5,500 customers including Wal-Mart Stores Inc. and… Continue Reading
ChannelAdvisor gets $30M more for e-commerce marketing
ChannelAdvisor, a company that lets online retailers manage product marketing across marketplaces such as eBay, Amazon.com, Overstock.com and a series of shopping comparison sites, has raised an additional $30 million in funding.
The company, base in Research Triangle Park, North Carolina, said New Enterprise Associates led the round with $23.5 invested. Existing investors Kodiak Venture Partners, Advanced Technology Ventures, Southern Capitol Ventures and eBay participated.
The company said it would expand offerings into new geographies and investigate… Continue Reading