Magento

At exit, Magento was a standalone leader in the fast-growing digital commerce software space with a presence in over 180 countries and across more than 23 industries, including apparel, education and industrial manufacturing. Following a complex carve out of eBay, see how we backed Magento’s high growth over the investment period…

USA

Realised

Together we achieved

  • A complicated carve out of the Magento business to create a cloud-first platform for businesses of all sizes
  • Accelerating Magento's global growth and facilitating its presence in Asia
  • Development of a strategically valuable e-commerce asset
  • Empowering Magento to build a world-class leadership team

This was accomplished by

  • Enabling digital transformation from on-premise to cloud commerce systems, including advanced omni-channel, order management and business intelligence capabilities
  • Enhancing operational execution and improving integration of Solution and Technology Partners, including open source ecosystem monetisation and entering new market verticals
  • Strategic add-on investments to acquire core functionality and adjacent businesses
  • Supporting leadership with key hires in product, sales, marketing and business development
  • Partnering with best-in-class management and supporting key hires in product, sales, marketing and business development

http://magento.com/

The metrics

#1

E-commerce platform

$155bn

Gross merchandise volume

2015

Acquisition year

2018

Exit year

c.$200m

Entry valuation

$1.680bn

Exit valuation