Four51 raises $5M

What does Four51 do?

Four51, is a  company which powers business to business ecommerce for thousands of businesses and millions of users globally. The company’s OrderCloud provides businesses and technical users the ability to create custom ecommerce solutions easier and faster, while empowering them in delivering the simple, online, and mobile buying experiences their consumers demand.  This platform features a multi-tenant cloud architecture, REST secure and extensible data model, rapid development tools and API.  The company’s aim in inspiring and enabling all organizations in empowering their consumers, lowering the costs and driving operational efficiencies by using their cloud based ecommerce platform. The company wants to revolutionize the way businesses buy and sell online, as they are wasting a lot of money on the inefficiencies, legacy systems, errors and losing customers due to outdate processes. There is better way to do business to business ecommerce and OrderCloud is that way.

How much Four51 was funded?

Four51 raised $5M on February 2, 2016 from 3 private technology investors.

What is next for Four51?

The company plans to use the funding raised for building out the company sales and marketing aggressively. The company also plans to use the funding for channelling exposure and product development, especially in the next 1 ½  to 2 years. The company has also announced the specific numbers for the expansion of its staff for coinciding with the growth. The company had 33 employees in January last year and the number now is 60 persons. The company has plans of increasing this number to 225 within the next three years, with most of the growth coming in 2016-2017.

More about Four51

Four51 was founded in 1999 by Gary Nemcek, Mark Johnson and Rich Landa. It has its headquarters in Minneapolis, MN. The company’s flexible platform enables completely customized B2B ecommerce solutions.