Volusion, a provider of e-Commerce software and services, has secured $55 million in a financing round led by Main Street Capital Corporation. The company will use the funds to further develop the Mozu enterprise solution and modernize the Volusion SMB platform.
Mozu, an API-first platform introduced in January 2014, is designed to bring clients to market faster and more cost effectively.
“Mozu’s first year went better than any of us could have anticipated and this round of funding will be instrumental in fanning the fire of Mozu altering the enterprise space,” noted Clay Olivier, CEO of Volusion. “Not only were we able to launch numerous clients within the first 12 months, we have seen each of those sites experience faster performance than with previous providers.”
Volusion also plans to make major updates to its SMB platform by adding a new administrative interface and a theme engine in 2015.