PrestaShop, a provider of free and open-source e-commerce software, has raised $9.3 million in a Series B funding round led by XAnge Private Equity, Seventure Partners and Serena Capital. The company has now raised about $13 million in total funding, including a €3 million ($4.16 million) Series A round raised in 2011. The new capital will be used to fuel the company's growth and international expansion, accelerate product development and support new marketing initiatives.
Since its launch in 2007, PrestaShop has helped merchants process more than $15 billion in sales with its e-commerce software solution, allowing merchants to build and manage online stores at no cost. PrestaShop’s active community includes developers who contribute everything from code to templates, and provide translation and localization in more than 60 languages.