Hybris receives new backing

Commerce platform, Hybris, has secured a $30 million investment from Meritech Capital Partners, GreylockIsrael, and Huntsman Gay Global Capital (HGGC).

Meritech Capital Partners and GreylockIsrael are both new shareholders in the company, while HGGC has been the company’s largest investor since 2011.

George Bischof, MD at Meritech who led the equity round, has joined the Hybris board of directors.

Hybris will use the new funding to accelerate growth in emerging markets, further strengthen the company’s presence in North America and Europe, address additional verticals, and make strategic add on acquisitions.

“This financing represents another important step forward in reaching our goal to build Hybris into one of the best and largest enterprise software companies in the world,” said Ariel Luedi, CEO of Hybris.

“With these additional resources, we will continue to innovate and build the best commerce solution in the marketplace, grow our geographic footprint and expand our partner ecosystem.”

Meritech Capital, with over $2.6 billion under management, is a provider of late-stage venture capital to technology companies such as Facebook, Riverbed and Salesforce.com.GreylockIsreal has backed technology businesses including Wonga and JustEat in Europe.



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