SamCart: Raises $10M in Series A Funding

  • SamCart, an Austin, Texas-based e-commerce platform designed for direct-to-consumer brands, raised $10m in Series A funding
  • The round led by TTV Capital with participation from Fin VC and George Kaiser Foundation
  • The company intends to use the funds to invest in marketing efforts, as well as staff recruitment in Austin, Texas, and the Washington D.C. area to support growth
  • SamCart is an e-commerce platform for direct-to-consumer brands to create sites that showcase their products, convert visitors into customers, and increase the value of each purchase
  • At the end of 2020, the solution used by more than 14,000 customers with more than half a billion dollars in sales processed
  • The company also has an office in the Washington, D.C area
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FCA Announces Second Cohort for AI Live Testing Initiative

New phase aims to improve integration of AI in financial services.Highlights: FCA launches second cohort for AI live...

Cab Payments Strengthens Case Against Helios Blocking Takeover Bid

Cab Payments contests Helios Investment's actions regarding merger talks.Highlights: Cab Payments accuses Helios of blocking a crucial takeover...

Ex-Stripe Team Secures $75 Million to Boost Operations Platform

Funding aims to enhance operations for businesses in various sectors.Highlights: Ex-Stripe founders raise $75 million for operations platform.The...

Government Advances Reforms to Secure UK Payments Sector

New initiatives aim to enhance the resilience and efficiency of the payments landscape.Highlights: UK government proposes new reforms...