Wix announces Wix Capital, Internal Venture Arm to Invest In Global Startups

Rhea-AI Summary

Wix.com has launched Wix Capital, a venture capital initiative aimed at investing in technology innovators in the web space. The fund will focus on early-stage investments in sectors like online design, commerce, and AI. To date, Wix Capital has invested over $5.6 million in startups such as Spike and Oriente, expanding Wix's reach in communication tools and fintech. This initiative aims to leverage Wix’s experience as a successful growth company to support emerging startups that align with its strategic goals.

Positive

• Launch of Wix Capital to invest in technology startups.
• Investment of over $5.6 million in various companies to enhance Wix's market presence.
• Strategic focus on sectors like AI, online commerce, and design aligns with current market trends.

Negative

• None.

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 

 

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SOURCE Wix.com Ltd.

FAQ

What is Wix Capital?

Wix Capital is an internal venture capital initiative launched by Wix.com to invest in technology innovators focused on enhancing web functionalities.

How much has Wix Capital invested so far?

Wix Capital has invested over $5.6 million in several startups to date.

What sectors does Wix Capital focus on?

Wix Capital focuses on technology companies in areas such as online design, commerce, AI, and automation solutions.

Which companies has Wix Capital invested in?

Wix Capital has invested in companies like Spike, Oriente, Modalyst, and RestAR.

When was Wix Capital launched?

Wix Capital was launched on September 16, 2020.