TechCrunch June 21, 2014
Webydo, a software as a service startup that gives web designers the tools to circumvent a more traditional website creation process by excising the need for them to do any manual coding by automatically converting their design into a hosted HTML5 website, has closed a $7 million Series B funding round.
The round was led by equity-based crowdfunding VC platform OurCrowd, along with Magna Capital Partners and a group of unnamed strategic investors from the US and UK. The new round brings Webydo’s total funding to $9.7 million. The business was founded back in 2010.
We first covered Webydo in April 2013, when it was showing off its wares in Startup Alley at Disrupt NY and opening up its closed beta to the US market. It now has almost 93,000 active designers using its platform, and says it’s adding “thousands” more every week. While more than 335,000 websites have been created with its tools to date (up from 50,000+ back in April 2013). It pegs its user growth rate in Q1 this year at 100%. Read More