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Magento Commerce logo

Magento Commerce

United States

Valuation

$142.1M

2021 Revenue

$47.4M

Customers

110M

Funding

$250M

Avg ACV

$0

Team

564

Founded

2008

How Magento Commerce CEO Shantanu Narayen grew Magento Commerce to $47.4M revenue and 110M customers in 2021.

Provider of open-source eCommerce solutions. The company develops and provides open source eCommerce platform to merchants and retailers to integrate physical and digital shopping.

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Magento Commerce Revenue

In 2021, Magento Commerce's revenue reached $47.4M. Since its launch in 2008, Magento Commerce has shown consistent revenue growth.

Magento Commerce Revenue GrowthReported revenue / ARR by year$0$10M$20M$30M$40M$50M20082010201220142016201820202021$0$47MSource: GetLatka.com
YearMilestone
2021Magento Commerce Hit $47.4m revenue in April 2021
2008Launched with $0 revenue

Magento Commerce Valuation, Funding Rounds

Magento Commerce's most recent disclosed valuation is $142.1M.

Magento Commerce has raised $250M in total funding across 1 round, with its most recent round in 2017.

Magento Commerce Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$60M$120M$180M$240M$300M2008201020122014201620172008 cumulative: $0 • 2008 Founded: $02017 cumulative: $250M • 2008 Founded: $0 • 2017 Funding round: $250M$250M2008 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% Sold
2017Funding round$250M--

Magento Commerce Employees & Team Size

Magento Commerce employs approximately 564 people as of 2026.

Magento Commerce has 564 total employees in different roles and functions and 88 sales reps that carry a quota. They have 110M customers that rely on the company's solutions.

Magento Commerce Team GrowthReported headcount over time01252503755006252008201020122014201620182020202100564564Source: GetLatka.com
YearMilestone
2021Reached 564 employees (April 2021)

Founder / CEO

Shantanu Narayen

Shantanu Narayen is listed as Founder / CEO at Magento Commerce.

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Customers

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Frequently Asked Questions about Magento Commerce

What is Magento Commerce's revenue?

Magento Commerce generates $47.4M in revenue.

Who founded Magento Commerce?

Magento Commerce was founded by Shantanu Narayen.

Who is the CEO of Magento Commerce?

The CEO of Magento Commerce is Shantanu Narayen.

How much funding does Magento Commerce have?

Magento Commerce raised $250M.

How many employees does Magento Commerce have?

Magento Commerce has 564 employees.

Where is Magento Commerce headquarters?

Magento Commerce is headquartered in United States.

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Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .

Magento Commerce Revenue 2021: $47.4M ARR, $142.1M Valuation