CoreCommerce, a Franklin, Tenn-based e-commerce shopping cart platform for online businesses, has received funding from Lighter Capital. No financial terms were disclosed. Investment bank Madison Street Capital arranged the financing.
Chicago, IL (PRWEB) August 27, 2014
Madison Street Capital, as the exclusive investment bank to CoreCommerce, arranges growth capital with Lighter Capital. CoreCommerce, is a SAAS e-commerce platform provider that has developed its own proprietary software. The announcement was made by Charles Botchway, CEO of Madison Street Capital. The transaction was led by Reginald McGaugh, Senior Managing Director. CoreCommerce is raising additional growth capital over the next few months to fuel the next level of growth.
“We are extremely pleased with Madison Street Capital,” said Matt DeLong, CEO of CoreCommerce. “Reginald worked to address our immediate needs and has worked directly with us to set a road map for our additional capital requirements. We look forward to our continued relationship with Madison Street Capital and the continued process for the equity capital raise”. “We are very impressed with the technology platform and the language conversion modules that has led CoreCommerce to compete in the international market,” said Reginald McGaugh. We look forward to our long term partnership with CoreCommerce.”
CoreCommerce is an ecommerce shopping cart platform for online businesses based in Franklin, Tennessee. The company currently serves over 13,000 online businesses in 70 countries, including Anna Sui, American Hiking Society, fashion designer Kelly Nishimoto and Zumba Canada. For more information, please visit http://www.corecommerce.com.
About Lighter Capital:
Lighter Capital is 100% focused on providing early stage SaaS, software and technology services companies with the long-term capital needed to get your business to the next level. Through their RevenueLoans,™ they are able to provide capital to growing, revenue generating companies. At Lighter Capital they believe entrepreneurs should spend their time growing their businesses – not raising funds. So they’ve made the fundraising process simple and fast. For more information, please visit http://www.lightercapital.com.
About Madison Street Capital, LLC:
Madison Street Capital, is an international investment banking firm committed to integrity, excellence, leadership and service in delivering corporate financial advisory services, merger and acquisition expertise, financial opinions, and valuation services to publicly and privately held businesses. These services position our clients to succeed in the global marketplace. In undertaking each new project, the client’s goals and objectives become ours, ranging from financial advisory and successful capital raises to M&A transactions to transfers of ownership. Madison Street Capital views emerging markets as the core component driving the global growth of our clients, and will continue to focus significant assets on these markets. Our firm has earned the trust of clients around the world through our unwavering dedication to the highest levels of professional standards. For additional information, please visit our website at http://www.madisonstreetcapital.com.