NEW YORK, Sept. 16, 2020 /PRNewswire/ -- Wix.com, Ltd.
the global leader in website creation, announced today its own
venture capital initiative, Wix Capital, to invest in technology
innovators that are focused on the future of the web and that look
to accelerate how businesses operate in today's evolving digital
landscape. Wix Capital's specific areas of focus include software
and technology companies that sit at the intersection of online
design and development, commerce and business management and AI and
automation solutions. Wix Capital aims to participate in seed and
early stage investment rounds worldwide.
Wix has rapidly grown from a startup to a multi-billion dollar
company with over 180 million users worldwide and more than 4,000
employees globally. Its talents and expertise from its history of
success, as well as relationships it has built, can be passed onto
founding teams to help them scale.
"Given Wix's success, the Wix team understands building a world
class team while keeping a strong start-up culture," said
Lior Shemesh, Wix Chief Financial
Officer. "Launching Wix Capital will help us stay on top of
emerging trends in our fields and be a targeted effort of
allocating strategic support to companies that are looking at us as
an example of a strong growth company," said Shemesh, who will be
leading the fund's investment efforts.
To date, Wix Capital has deployed over $5.6 million into several companies including
Spike, which created a leading communication and workflow tool and
which announced in June an $8 million
Series A investment round in which Wix participated. Oriente, a
digital fintech company in which Wix Capital invested, provides Wix
additional knowledge on financial services in emerging Asian
markets. To provide Wix with insights and capabilities in a
fast-growing segment of e-commerce, Wix Capital invested in
Modalyst, a leading dropshipping platform. Wix Capital also
invested in RestAR, a 3D capturing and AI product visualization
tool, to gain more knowledge of ways that merchants and advertisers
can increase conversion online.
To learn more about Wix Capital, please visit
https://www.wix.com/wix-capital.
About Wix
Wix is leading the way with a
cloud-based website development platform for over 180 million
registered users worldwide today. The Wix website builder was
founded on the belief that the Internet should be accessible to
everyone to develop, create and contribute. Through free and
premium subscriptions, Wix empowers millions of businesses,
organizations, artists, and individuals to take their businesses,
brands and workflow online. The Wix Editor, Wix ADI, Editor X, a
highly curated App Market, Ascend by
Wix and Corvid by Wix enable users to build and manage a fully
integrated and dynamic digital presence. Wix's headquarters are in
Tel Aviv with offices in
Austin, Be'er Sheva, Berlin, Cedar Rapids, Denver, Dnipro, Dublin, Kiev,
Los Angeles, Miami, New
York, San Francisco, São
Paulo, Tokyo and
Vilnius.
Visit us: on our blog, Facebook, Twitter, Instagram,
LinkedIn and Pinterest Download: Wix App is available for free
on Google Play and in the App
Store.
For more about Wix please visit our Press Room
Media Relations Contact:
PR@wix.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/wix-announces-wix-capital-internal-venture-arm-to-invest-in-global-startups-301132052.html
SOURCE Wix.com Ltd.