Magento Receives $22.5 Million Capital Injection
According to a regulatory filing, LA-based Magento Commerce, who develop the open source e-commerce suit, has received a $22.5 million fund injection in an equity funding round.
Magento was originally a product developed and marketed by Varien, a company involved in e-commerce business consultancy and other services. It is unclear where the funding comes from, whether the financing is actually...
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