Ecwid Closes $5M Series B Funding
Summary
Ecwid, a Russian e-commerce solution that lets retailers add an online store to any web platform and to multiple online sites simultaneously, closed a $5m Series B funding.In conjunction with the funding, Gleb Davidyuk, managing partner of iTech Capital, joined Ecwid’s board of directors.The company intends to use the funds to extend its mobile and social commerce product growth, further expand its global distribution partner network and grow its sales and marketing teams.Led by Ruslan Fazlyev, founder and CEO, Ecwid provides a cloud-based e-commerce platform that allows SMBs to create professional online stores and embed them into any existing web, mobile, or social site, and operate multiple online stores with point-of-sale integration simultaneously.Ecwid, available directly or through trusted partners, has 500,000 registered merchants in 175 countries, and is available in 45 languages.
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