ISAI announces its third investment in Commerce Guys

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The French entrepreneurs’ fund, ISAI, has just announced that its investing in Commerce Guys, a Franco-American company that develops open source Drupal e-commerce solutions.  This is the third investment for the fund run by some 70 French entrepreneurs from these companies, which previously invested in carpooling platform Covoiturage and the high-class online marketplace, InstantLuxe.  And while the transaction amount has not been disclosed, I’ll venture a wild guess that it most likely lies between the €500,000 and €1.5 million range – which would be in-line with the rest of ISAI’s investments.

The 20-person subsidiary of AF83 offers a number of solutions for e-commerce sites, including e-commerce website development based on Ubercart and Drupal Commerce, hosting, various functions like recommendation engines, social network integration, mobile website development, etc. Naturally, the open source approach has allowed for the startup founded earlier this year to propose a wide variety of modules to its customers. Plus, with over 1 million sites built on Drupal, certain aspects  – like having over 6K modules, being SEO friendly and the ability to resist spikes in traffic – make the open source CMS a viable solution for the e-commerce world.

ISAI, who currently manages some 35 million euros, has said that it would ideally like to invest in roughly 12 companies averaging €1 million per investment.  The company’s 1-investment-per-trimester strategy obviously opposes that of French seed fund Kima Ventures, which recently confirmed via Twitter (image below) that the fund will have reached its goal of 100 investments in a year in March 2011. Then again, Kima is investing far smaller amounts than ISAI.

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  • Ryan Szrama

    Yay. : )

    (Also, the first Commerce Guys link is pointing to instead of

  • JStarcher

    Congratulations, E-Commerce guys and ultimately the entire Drupal, Ubercart, and Open Source community! This will bring very good things to the road ahead of all of us. Thank you Ryan, Lyle, and the rest of the Ubercart team for sticking to it and making this dream come true for everyone. Ubercart is an amazing project that has been a huge success for Drupal and many e-commercers world wide.

    Happy Holidays,

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  • Miles Galliford

    Ryan, congratulations from all of us at SubHub! You deserve to reap the rewards for all of the hard work you have put into Ubercart and Drupal Commerce. Keep up the great work.

  • Linda Lovely

    Great investment

  • Tom Geller

    I’m a huge fan of Commerce Guys and am thrilled to see them getting the (spendable! :) ) recognition they deserve. Congrats all around.


  • Ryan Szrama

    Thanks, Miles and Tom. :)

    Plans are looking good to put that cash to work for us – we’ll be sprinting next month at the Paris office to get Drupal Commerce to 1.0 in time for DrupalCon Chicago. I’m hoping it will be the belle of the ball. ;)

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