Global Value Commerce, a Raleigh, N.C.-based ecommerce company focused on the golf industry, has raised an undisclosed amount of venture capital from Southern Capitol Ventures.
PRESS RELEASE
Southern Capitol Ventures (SCV), a North Carolina-based venture capital firm dedicated to helping outstanding entrepreneurs build market-leading companies, today announced an investment in Raleigh, N.C.-based Global Value Commerce (GVC). The proceeds will be used to accelerate the company’s growth.
Global Value Commerce is a leading e-commerce retailer with two of the fastest growing Web sites in the golf industry, GlobalGolf.com and GolfShoesOnly.com. Additionally, the company is the industry’s leader in providing specialized technology solutions to golf manufacturers, retailers and media companies as proven with the recently launched TaylorMadeGolfPreOwned.com.
Ben Brooks, founding partner of Southern Capitol Ventures, has joined the Global Value Commerce board of directors.
“We have worked closely with the partners at Southern Capitol Ventures over the last several years,” said Ed Byman, chief executive officer of Global Value Commerce. “All along the way, they have been helpful with guidance and identifying strategic new hires to further build our business. The Southern Capitol Ventures network and their guidance have been invaluable in helping us double our revenue since we’ve known them.”
“Golf generates more than $70 billion globally in annual commerce,” said Brooks. “The executive team at Global Value Commerce is rapidly consolidating the pre-owned golf equipment market and they have successfully positioned GVC as frontrunner within the industry.”
Southern Capitol Ventures is the sole institutional investor in Global Value Commerce. This is the firm’s seventh e-commerce and internet investment including Art.com, ChannelAdvisor, Batanga, ReverbNation, eTix and DoublePositive.
About Southern Capitol Ventures
Founded in 2000, Southern Capitol Ventures (SCV) is a Raleigh, North Carolina-based venture capital firm dedicated to helping outstanding entrepreneurs build market-leading companies. The firm is focused on providing capital and guidance to early-stage technology companies across the Southeast and Mid-Atlantic. Previous investments have included Art.com, ArtusLabs, Batanga, ChannelAdvisor, DoublePositive, eTix, ReverbNation and Synthematix (acquired by Symyx NASDAQ:SMMX). For more information, please visit www.southerncapitolventures.com.
About Global Value Commerce, Inc.
Founded in 2001, Global Value Commerce (GVC) is a leading ecommerce services provider for the golf industry. GVC offers specialized solutions in golf retailing, supply chain management, ecommerce website development and internet marketing to golf’s leading manufacturers, retailers, and media companies. GVC currently operates
three online Web sites – TaylorMadeGolfPreowned.com, GlobalGolf.com, and GolfShoesOnly.com providing new and pre-owned golf equipment, golf shoes and accessories directly to the golf consumer.
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