Wix lands $3.5M to give amateurs the power of flash
Flash website builder Wix has brought in $3.5 million in second-round funding from Mangrove Venture Capital and Bessemer Venture Partners. The Israeli company has raised about $8.5 total since its founding in 2006 and hopes to continue developing its drag-and-drop tool that allows even novice web users to build flash sites.
Right now, Wix provides this service for free, but it announced today that it will launch a premium membership package including web hosting and related tools for $9.90 a month. The company hopes this new feature and funding will give it an edge over competitors Fifth Generation Systems Inc., Synthasite Pty., and Weebly Inc., which are not as focused on flash as much as general web hosting and design tools.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.