SAN FRANCISCO, Sept. 20, 2017 /PRNewswire/ -- Webgility, the leader in ecommerce automation software in the small and medium business market, today announced that it has raised $6.4 million in a Series A funding round led by Pilot Growth Equity. To fulfill its mission to make business easier for ecommerce companies, Webgility will use these funds to accelerate its commitment to automating all back-office operations to help them improve their margins and scale.
Over the past 15 years, a consistent annual growth rate of 10% has caused an explosion in ecommerce sales, moving U.S. online sales into the realm of $400 billion in annual revenue. While the industry has rapidly expanded, SMBs have struggled to keep up with the number of online sales channels, complexity of back-office systems, and the volume of their financial data. Manual operations and fragmented systems make it difficult to see how the business is performing, to act quickly to improve margins, and to win in this highly competitive market. Founded in 2007, Webgility's flagship product Unify automates the back office and provides a single dashboard from which ecommerce businesses can streamline workflows, control operations, and focus on growth. Webgility software is used by thousands of online stores and automates millions of transactions every month.
"Webgility has achieved scale and profitability as a bootstrapped SaaS company, which is a tremendous achievement," said William Lee, co-founder and managing director at Pilot Growth. "Webgility has built an incredible business and ecommerce sellers love their product. We're thrilled to partner with them as their first institutional investor to help accelerate growth and reach millions of online sellers worldwide."
"It's our mission to make business easier for ecommerce SMBs and give them the same power and efficiencies that the big guys have," said Parag Mamnani, founder and CEO, Webgility. "Pilot Growth sees tremendous potential in our product and believes in our team and vision for the ecommerce market at large. Their expertise, network, and unique model for supporting entrepreneurs will help us to reach a larger market and grow faster."
Webgility's Unify software is the #1 back-office software for ecommerce sellers. Unify allows sellers to connect all their apps, including stores, marketplaces, inventory, payments, shipping, and accounting so they can track and manage their back-office operations from a single dashboard. Unify also syncs data and gives sellers financial reports and analytics to help them increase efficiency, improve margins, and compete with world-class tools formerly only available to larger retailers. For more information about Unify, please visit www.webgility.com/unify.
ABOUT PILOT GROWTH EQUITY
Pilot Growth Equity ("Pilot Growth") is a technology growth equity firm with offices in San Francisco, New York, and Washington, DC. Pilot Growth invests in growth-stage technology companies that require capital and strategic resources to accelerate their growth. Founded by entrepreneurs, Pilot Growth provides its portfolio companies a combination of world class operating, company-building, and advisory expertise, as well as global access to private and public sector customers. Please visit us at www.pilotgrowth.com.
Webgility, Inc. makes business easier. Our solution allows multichannel sellers to automate operations, improve workflows, and reduce the effort and inefficiencies of manual data entry. Webgility's Unify software brings together sales, accounting, inventory, and shipping to limit data entry, reduce errors, track operations, and centralize financial data. Webgility® is a certified partner of Intuit®, QuickBooks®, Xero, and NetSuite®, and works with 100+ ecommerce platforms (including Amazon®, eBay®, BigCommerce®, Shopify®, and Magento®), payment processors (PayPal, Stripe, Shopify Payments, Square), and SaaS providers. For more information, visit http://www.webgility.com.
For more information, please contact:
Zealot Communications for Webgility
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