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	<title>The Next Web &#187; Drupal</title>
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		<title>Drupal e-commerce startup Commerce Guys raises $5m from European investors</title>
		<link>http://thenextweb.com/insider/2012/03/06/drupal-e-commerce-startup-commerce-guys-raises-5m-from-european-investors/</link>
		<comments>http://thenextweb.com/insider/2012/03/06/drupal-e-commerce-startup-commerce-guys-raises-5m-from-european-investors/#comments</comments>
		<pubDate>Tue, 06 Mar 2012 13:46:48 +0000</pubDate>
		<dc:creator>Robin Wauters</dc:creator>
				<category><![CDATA[Insider]]></category>
		<category><![CDATA[Alven Capital]]></category>
		<category><![CDATA[Commerce Guys]]></category>
		<category><![CDATA[Drupal]]></category>
		<category><![CDATA[Drupal 7]]></category>
		<category><![CDATA[Drupal Commerce]]></category>
		<category><![CDATA[ISAI]]></category>
		<category><![CDATA[Open Ocean Capital]]></category>

		<guid isPermaLink="false">http://thenextweb.com/?p=342447</guid>
		<description><![CDATA[<img width="520" height="245" src="http://cdn.thenextweb.com/wp-content/blogs.dir/1/files/2012/03/Photoxpress_8632965-520x245.jpg" alt="E-commerce" title="E-commerce" /><br />Commerce Guys, the American-French startup behind nifty e-commerce solution Drupal Commerce (which was built upon open-source CMS Drupal 7), this morning announced that it has secured $5 million in Series...]]></description>
			<content:encoded><![CDATA[<img width="520" height="245" src="http://cdn.thenextweb.com/wp-content/blogs.dir/1/files/2012/03/Photoxpress_8632965-520x245.jpg" alt="Photoxpress 8632965 520x245 Drupal e commerce startup Commerce Guys raises $5m from European investors" title="Photoxpress 8632965 520x245 photo"  /><br /><p><a href="http://www.commerceguys.com/">Commerce Guys</a>, the American-French startup behind nifty e-commerce solution <a href="http://www.drupalcommerce.org/">Drupal Commerce</a> (which was built upon open-source CMS Drupal 7), this morning <a href="http://www.businesswire.com/news/home/20120306005131/en/Commerce-Guys-Receives-5-Million-Funding-Leading">announced</a> that it has <a href="http://www.commerceguys.com/content/fundraise">secured $5 million</a> in Series A funding from two investments firms based in Paris, France (Alven Capital and ISAI) as well as Espoo, Finland-based Open Ocean Capital. The round brings its total funding raised to $6 million.</p>
<p>With the fresh capital, Commerce Guys says it intends to add 30 staff members in the coming months, half of those in its Michigan-based U.S. headquarters. The company currently has 37 employees, split between its North American offices and its European headquarters in Paris.</p>
<p>The company&#8217;s Drupal Commerce solution is basically an open-source framework that it <a href="http://www.commerceguys.com/resources/news/drupal-commerce-now-used-over-10000-sites">says</a> is now in use by over 10,000 websites worldwide. It lets online retailers upload catalogs, accept payments, integrate with shipping services, interact with customers online and more. You can download it <a href="http://www.commerceguys.com/download">here</a> (<a href="http://demo.commerceguys.com/dc/">demo site</a>).</p>
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