Alven et al. in $5m round for Commerce Guys

ISAI backed Commerce Guys with an early-stage investment at the end of 2010. This was the third investment for ISAI's maiden fund, a €35m internet-focused vehicle closed in October 2010.

Commerce Guys has raised $6m since inception in 2010. The new funds will be used to bolster Commerce Guys' team – the company is aiming to hire an extra 30 people in the coming months. Commerce Guys will also look to expand into the UK at some point in 2012.

Company
Founded in early 2010, Commerce Guys is a provider of e-commerce solutions based on the Drupal open-source system. The company aims to develop a network of partner integrators to offer consulting services, support, training, development and hosting for solutions built with Drupal.

Based in Paris, Jackson (Michigan) and San Francisco, Commerce Guys currently employs around 37 people.

People
Nicolas Celier, Jean-David Chamboredon and Tom Henrikson represented Alven Capital, ISAI and Open Ocean Capital respectively.

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