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Whoa! Magento Scores $250M from Hillhouse to Grow Ecommerce Platform

Whoa! Magento Scores $250M from Hillhouse to Grow Ecommerce Platform

Whoa! Magento Scores $250M from Hillhouse to Grow Ecommerce Platform

Magento Commerce this week gave new meaning to a “large round of funding,” scoring $250 million from Hillhouse Capital for growth, worldwide expansion of sales, marketing and client support, new product innovation and future acquisitions.
The investment brings Magento’s market valuation to $700 million, according unnamed sources cited in the Financial Times. 
Open Source Ecommerce

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