USA – Basis Vectors, a New York-based private equity and technology investment firm that focuses on creating long-term value for market leaders in the B2B SaaS space, acquired CommerceV3, a Minneola, FL-based service cloud platform for high volume digital commerce.
The amount of the deal was not disclosed.
Founded in 2002 by Blake Ellis and Nathan Focht, CommerceV3 is a subscription-based SaaS business, providing eCommerce software and marketing services for hundreds of middle-market customers in the Food and Gift segments. The company leverages its knowledge of the digital universe to help clients become successful by increasing website traffic, driving higher conversion rates and increasing revenue.Headquartered in New York and has offices in Silicon Valley, India and Ukraine, Basis Vectors is a Berkshire Hathaway style alternative investment and technology firm that acquires B2B SaaS companies and sets them on a path to superior capital efficiency. The company invests in North America headquartered SaaS companies with revenue in range of $1M and $10M. Using its proprietary SaaS Machine Platform to run the sales, marketing, engineering and finance functions of a SaaS company, Basis Vectors delivers an operational platform and ecosystem, bringing bespoke capital and capabilities to improve efficiency and help truly transform the business.22/07/2022
Founded in 2002 by Blake Ellis and Nathan Focht, CommerceV3 is a subscription-based SaaS business, providing eCommerce software and marketing services for hundreds of middle-market customers in the Food and Gift segments. The company leverages its knowledge of the digital universe to help clients become successful by increasing website traffic, driving higher conversion rates and increasing revenue.Headquartered in New York and has offices in Silicon Valley, India and Ukraine, Basis Vectors is a Berkshire Hathaway style alternative investment and technology firm that acquires B2B SaaS companies and sets them on a path to superior capital efficiency. The company invests in North America headquartered SaaS companies with revenue in range of $1M and $10M. Using its proprietary SaaS Machine Platform to run the sales, marketing, engineering and finance functions of a SaaS company, Basis Vectors delivers an operational platform and ecosystem, bringing bespoke capital and capabilities to improve efficiency and help truly transform the business.22/07/2022
