Monday, March 15, 2010

Magento Raises $22.5M

Los Angeles-based Magento Commerce, a developer of open source, e-commerce software tools, has raised $22.5M in an equity funding round, according to a regulatory filing by the firm today. Source of the new funding was not disclosed. Magento (which lists its corporate name as Varien) is headed by Roy Rubin. More information »