Isai et al. in $7.3m round for Commerce Guys

The funding will enable Commerce Guys to invest in marketing and sales activity for its cloud-based hosting service Platform.sh.

The investors stated they were attracted by Commerce Guys' management team and by its product positioning in the global e-commerce market.

Hi Inov is the venture capital arm of Dentressangle Initiatives.

In March 2012, Alven and Open Ocean joined Isai in a $5m round of funding for Commerce Guys. Isai took part in a seed funding round for the company in December 2010, drawing capital from its maiden fund.

Alven recently took part in a €1.3m round for online peer-to-peer file transfer company Infinit and a $17.5m series-B round for PeopleDoc, a human resources business.

Company
Founded in 2010 and based in Paris, Commerce Guys is a provider of e-commerce solutions. Its open source Drupal Commerce software has been used to develop more than 38,000 websites for clients including Eurostar, Cartier, Lush and Royal Mail. The company has offices in Paris, London and Ann Arbour.

People
Frédéric Plais is chairman and CEO of Commerce Guys. Valérie Gombart is director general at Hi Inov and director of Commerce Guys. Tom Henriksson is a partner at Open Ocean.

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• Alven Capital
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