MarketLive Takes $20 Million

Ecommerce software and service provider MarketLive has taken $20 million in a new round that includes new investors JAFCO Ventures and Northgate Capital, along with existing investors Sequoia Capital, Sigma Partners and Globespan Capital.

MarketLive provides enterprise-class ecommerce retail technology and services that help companies successfully sell goods online. MarketLive’s ecommerce suite and intelligent selling methodology assists catalogers, retailers, direct marketers, and manufacturers, helping them to improve acquisition, conversion, and retention rates.

MarketLive said they will use the capital to deliver significant value to its customers by advancing its product leadership, funding business-critical infrastructure, and adding enhanced services.

(via PEHub)