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Small Business Tips \ MAR 29th 2011

Wix Raises $40 Million from Investors

Happy days at Wix.com! You might have heard it on TechCrunch, you might have heard it through the grapevine, and now you can hear it straight from us!

We recently raised a fourth round of venture capital, attracting $40M from new investors Insight Venture Partners and DAG ventures as well as original backers Benchmark Capital, Bessemer Venture Partners and Mangrove Capital Partners. This brings total venture investment in Wix.com to $61M.

Wix Co-founders: Giora Kaplan, Nadav Abrahami and Avishai Abrahami

Wix Co-founders: Giora Kaplan, Nadav Abrahami and Avishai Abrahami

One of Wix.com’s  first purchases after completing the round was a hot and cold water dispenser. The new dispenser boasts  hot, cold and soda water options. The company hopes to add a “room temperature” option in Q3…

Wix users will reap even greater benefits as a result of  this additional funding. We plan on using this capital to improve and enhance two of  Wix.com’s most recent and in demand features: Wix for Facebook, a new app that allows users to add fully functional websites to their fan pages and Wix Mobile, a cutting edge HTML5 based wizard.  Wix Mobile will enable users to create Wix websites specifically designed and optimized for Smartphones and other mobile devices.

Wix Founder & CEO Avishai Abrahami says, “Not so long ago all you needed was one simple website. Nowadays, you also require a mobile site and an engaging Facebook fan page. The last thing we want is for users to be dragged into the Apple-Adobe-Microsoft wars. We want all our clients to be able to fulfill all their web publishing needs at a one-stop-shop with easy and affordable solutions. That’s Wix for you.”

Water Cooler


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