Tuesday, October 14, 2008

Wix--Online Publishing Plateform got 3.5 million in funding

What Company Is Offering:
Wix allows users to create any kind of Flash web site and content they want in a totally flexible manner without the need to know code. This means small businesses and consumers can create full-blown websites in a matter of hours, and make their own changes easily over time. Wix has created a Drag & Drop editor that allows you to decide how you want your website to look -- and see the results in real time online. There is no code to download and Wix provides full hosting management for the new site.

How Much They Got From VCs:

Wix announced that it received US$3.5 million in funding from Mangrove Venture Capital and Bessemer Venture Partners. Lead by Mangrove, the funding will go towards marketing and product development. Wix's current funding to date is US$8.5 million.

More at:http://www.wix.com

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