Elastic Path Raises $8M For Commerce Everywhere API Platform

Elastic Path has raised an $8 million debt round to fuel the development of its "commerce everywhere," API -- a hypermedia platform that abstracts backend complexity for the front-end developer and business person. ?Wellington Financial out of Toronto provided the financing. Elastic Path has traditionally served as an e-commerce company. But over the past few years, it has focused on ?building an API platform that extends the capability for businesses to take commerce beyond a website. Vice President of Marketing Matt Dione said the company will use the funding to invest in its API platform.

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