Magento Commerce, the worldwide leader in cloud digital commerce innovation, today announced that Hillhouse Capital will make a $250 million investment in the company to fuel Magento's growth strategy, worldwide expansion of sales, marketing & client support, new product innovation and future acquisitions.
Hillhouse is a leading investor known for its long-term investments in companies across all equities stages in China and around the world. Hillhouse is partnering with the Magento management team and the Permira funds, who will continue to own a majority stake in the company, in backing the long-term vision of the company.
Click below to download the full release.