How Much Did Wix Raise? Funding & Key Investors

Wix has successfully navigated through 7 funding rounds, securing investments from notable backers such as Starboard Value and Mangrove Capital Partners. The most recent funding round was a Post-IPO Debt round, further solidifying its financial foundation.

Wix's platform offers a comprehensive suite of tools for website creation, including an AI website builder, customizable templates, and advanced design features. Keep reading to explore the intricacies of Wix's fundraising journey and the investors backing this innovative platform.

What Is Wix?

Wix, headquartered in Tel Aviv, Israel, operates in various industries including B2B, Developer Tools, Enterprise Software, Information Technology, Internet, Small and Medium Businesses, Software, and Web Design. The company employs between 5001 and 10000 people.

Founded in 2006, Wix provides a platform for the development of cloud data services for millions of registered users worldwide. The platform offers an AI website builder, customizable templates, and advanced design features, enabling users to create professional websites with ease.

How Much Funding Has Wix Raised?

1. Round Name: Series A
   • Amount Raised: USD 5,000,000
   • Date: December 2007
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop the initial platform and expand the team.
2. Round Name: Series B
   • Amount Raised: USD 3,500,000
   • Date: October 2008
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance platform features and increase user acquisition.
3. Round Name: Series C
   • Amount Raised: USD 10,000,000
   • Date: March 2010
   • Lead Investors: Benchmark
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and enter new markets.
4. Round Name: Seed
   • Date: May 2010
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support early-stage development and product launch.
5. Round Name: Series D
   • Amount Raised: USD 40,000,000
   • Date: March 2011
   • Lead Investors: DAG Ventures, Insight Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support new social and mobile product launches.
6. Round Name: Post-IPO Equity
   • Date: September 2022
   • Lead Investors: Starboard Value
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To strengthen financial stability and support growth initiatives.
7. Round Name: Post-IPO Debt
   • Amount Raised: USD 1,000,000,000
   • Date: September 2025
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To refinance existing debt and fund strategic acquisitions.

Total Amount Raised: USD 1,058,500,000. Current Valuation: Not publicly disclosed.

Key Investors

• Starboard Value
  • Details: Starboard Value is an investment firm known for its activist approach, often taking significant stakes in companies to influence management and strategic direction. They participated as a lead investor in Wix's Post-IPO Equity round.
  • Investment Focus Areas: Value investing, corporate governance, strategic turnarounds.
  • Notable Investments: Darden Restaurants, Yahoo, Papa John's.
• Mangrove Capital Partners
  • Details: Mangrove Capital Partners is a venture capital firm that focuses on early-stage investments in technology companies. They have been involved with Wix since its early funding rounds.
  • Investment Focus Areas: Technology, internet, software.
  • Notable Investments: Skype, WalkMe, K Health.
• Insight Venture Partners
  • Details: Insight Venture Partners is a private equity and venture capital firm that invests in growth-stage software, internet, and data services companies. They led Wix's Series D funding round.
  • Investment Focus Areas: Software, internet, data services.
  • Notable Investments: Twitter, Shopify, Docker.
• DAG Ventures
  • Details: DAG Ventures is a venture capital firm that invests in technology, healthcare, and energy sectors. They participated in Wix's Series D funding round.
  • Investment Focus Areas: Technology, healthcare, energy.
  • Notable Investments: Yelp, Glassdoor, Nextdoor.
• Benchmark Capital
  • Details: Benchmark Capital is a venture capital firm that focuses on early-stage investments in technology companies. They were a key investor in Wix's Series C funding round.
  • Investment Focus Areas: Early-stage technology companies.
  • Notable Investments: Uber, eBay, Snapchat.

What's Next for Wix?

Wix is poised to capitalize on the growing demand for mobile-friendly websites and social media integration. With a user base of nine million and 8.5 million individual sites, the company plans to expand into mobile site creation using HTML5 technology and launch a Facebook application to integrate Wix websites with fan pages. These initiatives represent significant growth opportunities as mobile and social platforms continue to dominate the digital landscape.

Future fundraising efforts could be on the horizon to support these ambitious projects. The successful Series D round, which raised $40 million, indicates strong investor confidence. However, challenges such as the industry's shift from Flash to HTML5 and competition from other website creation platforms like Weebly and Yola will require Wix to continuously innovate and adapt to stay ahead.

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