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Briefing
E-commerce Markets

BigCommerce Plans to Break Even in Two Years

By Malique Morris
· · Source: The Information

Shopify rival BigCommerce said it is on a path to break even by the middle of 2024 as a strategy of focusing on higher-earning merchants pays off and it reaps the benefit of past acquisitions. The software firm, which powers websites for digital brands and retailers like Skullcandy and Yeti, said revenue rose 39% year-over-year in the second quarter of the year, coming in on the higher end of...

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Blackstone Plans to Back Tech Startups in $2 Billion–Plus Lending Push
By Maria Heeter · Aug. 11, 2022 6:00 AM PDT
Viral Patel, global head of technology investing for Blackstone Credit. Art by Clark Miller.
Private equity giant Blackstone is gearing up to make its first major push into lending to startups and technology companies—joining a corner of the debt market that’s quickly heating up. The firm expects to invest at least $2 billion in technology debt deals over the next few years, including venture debt, deals with pre–initial public offering startups and deals with...
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