Webydo Raises $7M in Funding
Summary
Webydo, a NYC-based professional website-creation cloud platform and designer community, raised $7m in funding.Backers included OurCrowd, Magna Ventures affiliate from Spain, and a group of strategic investors from the US and UK.The company intends to use the funds to continue developing new features, as well as tools for community leadership.Led by Shmulik Grizim, CEO, Webydo provides a B2B solution for web designers to create, manage, and host websites.It features a code-generator that automatically converts designers’ static visual design into functional HTML5 websites with cross-platform W3C-validated code.
Funding
Amount
$7.0M
Total raised
Date
June 22, 2014
Announcement date
Investors
Webydo, Magna Capital Partners
Lead investors
Company
http://www.webydo.com
Funded company
Classifications
industries
No industries detected
applications
Anti Piracy
AskAI Classifications
Labels
Website Builder
Web Design Software
Content Management System (CMS)
Linked Companies
Webydo
$1M to $5M