DIY Website Strikingly Raises $1.5 Million
Strikingly is a do-it-yourself website that has raised $1.5 million in a seed round of funding. The investors in this round include SV Angel, Index Ventures, Infinity Venture Partners, Funders Club, Innovation Works, Kevin Hale, TEEC Angel Fund, ZenShin Capital, Y Combinator, and several other angel investors. Strikingly participated in the Y Combinator accelerator program during winter 2013.
Strikingly founder David Chen said that the money will be used for growing the team. Strikingly makes it possible to build a website very quickly, but they take a mobile-first approach.
Chen said that the company did not need the investor money, but decided to take it for strategic reasons. They also said that the funding will prevent the stress of wondering if there is enough capital to bring in more talent. Strikingly is profitable with 40% month-over-month growth in the last 8 months.
Chen said that SV Angel is really well connected and Index Ventures understands the market very well as they were in an investor in Squarespace. ZenShin and Infinity are Japanese investors and Japan is Strikingly’s second largest market. Innovation Works is a Chinese investment company that approached Strikingly even before the company had their Y Combinator Demo Day.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry