The city is broadening the reach of its 9% “amusement tax” to include streaming entertainment services like Netflix and Spotify.
Vcommerce, a provider of web-based on-demand e-commerce and fulfillment platforms and services, is receiving $13 million in funding from Internet Capital Group, the two companies said today.
Vcommerce, a provider of web-based on-demand e-commerce and fulfillment platforms and services to retailers, is receiving $13 million in funding from Internet Capital Group, the two companies said today.
Vcommerce plans to use the funding to support continued growth in its market of providing to retailers, distributors and manufacturers web-based on-demand tools, including dashboards and score cards, for handling multi-channel merchandising, order-processing and fulfillment. It also provides integration between retailers’ and manufacturers technology systems to support operations such as drop shipping and order tracking. “This financing provides us with the necessary capital to pursue our growth strategies, for our clients, partners and employees,” said Vcommerce CEO Dan Clarke.
“Vcommerce, with its proven and innovative technology and attractive usage-based pricing model, is well-positioned to benefit from the tremendous growth in the e-commerce market,” said Michael Zisman, managing director at Internet Capital Group.
Vcommerce’s customer base includes online retailers Overstock.com, eToys Direct and David’s Bridal.