WebLinc, a technology provider of ecommerce platforms for online retailers, raised $6 million Series A financing from NYSE-listed Safeguard Scientifics, Inc in a bid to fuel an aggressive growth trajectory.
During the second quarter of 2014, WebLinc clients saw revenue increase 54 percent from a year earlier. Mobile performance was even stronger with a year-over-year revenue increase of 98 percent, and for those retailers on WebLinc's responsive platform, performance was the highest at 132 percent from a year ago.
WebLinc said the funding will be used to accelerate the development of new features for WebLinc's commerce platform, the onboarding of third party integration partners, and to expand the company's marketing and sales teams.
According to comScore, ecommerce grew at a rate of 13 percent year-over-year in the first quarter of 2014, while offline retail was nearly flat, achieving one percent growth from the year before.
As this trend continues, WebLinc said it is positioned to continue helping business-to-consumer (B2C) and business-to-business (B2B) operations provide the omni-channel experience that customers now expect.
WebLinc does so through a highly scalable platform, which provides full brand control, depth of features, and operational flexibility needed to run the most dynamic retail operations.
WebLinc's early adoption of responsive web design and expertise developing native mobile apps, helps clients maximize multichannel revenue and outperform the competition.
"This is an exciting time for our company and our industry, as our commerce platform was created specifically for the growing retailer who has become too big for off-the-shelf or one-size-fits-all solutions", said Darren Hill, WebLinc's co-founder and CEO.
"Our successful clients have always been the fastest growing, fastest to innovate, and the fastest to have those innovations live before their competition. The WebLinc platform enables great companies to innovate circles around their competition and this funding will allow WebLinc to reach more great companies", he added.
WebLinc tailors its commerce platform to the needs and scale of mid to large retailers by leveraging extensive experience and success supporting clients' need for fast growth and system flexibility.
By building upon the latest technologies such as Ruby on Rails and MongoDB, WebLinc's commerce platform has successfully supported some of the fastest growing online retailers.
The company's clients include Nasty Gal, URBN's brands Free People, BHLDN, and Terrain, U.S. Polo Assn., Thomas Scientific, Jeffers Pet, Hello Kitty and many more.
