What is WebLinc?
Founded in 1994 and headquartered in Philadelphia, Pennsylvania, WebLinc is a prominent e-commerce technology company with a global presence, including satellite offices in Los Angeles, Vancouver, and Toronto. The company specializes in developing robust cloud-based commerce platforms designed to meet the needs of medium to large businesses. Its flagship offerings include Workarea, a comprehensive SaaS commerce platform, and Orderbot, an omnichannel order management and retail operations system. WebLinc serves a diverse clientele, including notable brands such as Sanrio, Do it Best Corp., Lonely Planet, US Polo Assn., and Woodcraft, positioning itself as a key player in enabling digital commerce for established enterprises.
How much funding has WebLinc raised?
WebLinc has raised a total of $17M across 3 funding rounds:
Series A
$6M
Debt
$5M
Unspecified
$6M
Series A (2014): $6M with participation from Safeguard Scientifics
Debt (2017): $5M led by Horizon Technology Finance Corporation
Unspecified (2018): $6M supported by Montage Capital and Partners for Growth
Key Investors in WebLinc
Safeguard Scientifics
Safeguard Scientifics is a venture capital and private equity firm based in Pennsylvania, specializing in providing capital and expertise to technology-driven businesses in sectors like healthcare, financial services, and digital media. They focus on fueling the growth of innovative companies.
Horizon Technology Finance Corporation
Horizon Technology Finance Corporation is a specialty finance company operating as a business development company, providing structured debt financing to development-stage companies, primarily in technology and life sciences, backed by venture capital and private equity.
Montage Capital
Montage Capital provides growth debt solutions ranging from $500 thousand to $5 million to capital-efficient companies with annual revenues of at least $3 million, aiming to accelerate growth without equity dilution.
What's next for WebLinc?
The substantial enterprise-level funding and recent strategic investment indicate that WebLinc is poised for significant scaling and innovation. This capital infusion is likely to fuel further development of its Workarea and Orderbot platforms, enhancing features and expanding market reach. Strategic investments often signal a focus on market consolidation, technological advancement, or geographic expansion. WebLinc may leverage this backing to enhance its competitive edge, potentially through acquisitions, strategic partnerships, or accelerated product roadmaps, solidifying its position as a leader in the e-commerce technology sector.
See full WebLinc company page
