Channel Advisor Raises $30m Round


A belated congratulations to Scot, MJ, and the entire ChannelAdvisor team on raising a $30m round of venture capital, “led by New Enterprise Associates (NEA) with participation from current ChannelAdvisor investors Kodiak Venture Partners, Advanced Technology Ventures, Southern Capitol Ventures and eBay.”

From the release:
“The company also announced that Bill Brown has joined the company as Chief Financial Officer to manage all of the company’s financial activities.”

“Bill, a 25-year financial and accounting veteran has served as Chief Financial Officer at several Massachusetts-based Software-as-a-service (SaaS) on-demand companies, including Lightbridge, a Burlington, MA company Bill helped take public in 1996. Bill received a Bachelor of Science Degree in Business Administration from the School of Management at Boston University.”

A snipet from Newsoberver.com:
“the business has 3,900 customers, revenue that’s on track to grow 67 percent this year”

Good interview at Business 2.0 Beta.

ChannelAdvisor is set to launch it’s self-service shopping feed program at Internet Retailer. Gotta love this space!

So when’s the IPO?

Related Posts:
SingleFeed Closes its Series A Financing – April 5, 2007
Channel Intelligence Rasies $15m – November 29, 2006

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