- Last Updated: Wednesday, 04 May 2016 15:40
- Published: Wednesday, 04 May 2016 15:28
- Written by Tony Cooper
VANCOUVER, Canada - LemonStand, the refreshingly customizable cloud eCommerce platform, announced today that it has secured an additional $1.25M in seed funding from BDC Capital, Silicon Valley based angel investors Barry X Lynn, Paul Rochester, Hank Massey and several other angel investors.
The company will use the proceeds to invest in continued product development and to accelerate its recruitment of new web designer and agency partners. “LemonStand has broken the mold for cloud based eCommerce platforms,” said Matt Roberts, Associate Director, IT Venture Fund, BDC Capital. “They give web designers and agencies full control over the online shopping experience. Through a highly customizable solution they provide the tools and support needed to drive better results for the retailers they work with.”
Targeting a trillion dollar online retail market that is growing at over 20% per year according to eMarketer, LemonStand’s eCommerce platform is aimed squarely at growth oriented small and mid-sized online retailers, who often work with web design agencies on their brand and marketing strategy. Built on a secure and scalable cloud based architecture, LemonStand combines the ease of use and operational benefits of the cloud with the power and flexibility web designers usually only find with open source and enterprise platforms.