Stitch Labs founder Brandon Levey said he plans to use the new money to expand his development team.
It is the first round of funding received by San Francisco-based Stitch Labs following its creation last year.
The company offers a dashboard which manages sales, inventory and shipping information for online businesses and allows them to integrate with popular shopping platforms such as Etsy and Shopify.
TV has $350m under management and focuses on providing funds to early-stage growth companies in the technology sector. It has previously invested in companies including WordPress.com founders Automattic and online technology media providers GigaOm.
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