Wix Nails A Nice Round Of Funding To Expand Their Website/Widget Creator

by Jason Wilk on October 13, 2008

  • Wix, revealed today that it raised a $3.5 million series B round From Mangrove Capital Partners and Bessemer Venture Partners.
  • They are a flash web editor that enables anyone to create a beautiful website or widget without any knowledge of programming.
  • This news comes after their strong growth in the last couple months, surprassing the 200,000 users mark and nearly 20M pageviews a month across their network of sites using Wix’s technology.
  • Wix makes money off of monthly subscriptions from users who want to get rid of the Wix logo or want the site to load under their own domain.
  • They also has some very nice people running their company.

TC

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