Wix rival Elementor raises $15m

Wix rival Elementor raises $15m

Israeli professional website builder platform Elementor announced today that it has completed a $15 million first financing round from Lightspeed Venture Partners. The company, which enables professional web creators to build websites, competes with Wix, Trend reports with reference to Globes.

Elementor raised $850,000 in its seed financing round and was already profitable several months after being founded in 2016 by CEO Yoni Luksenberg and Ariel Klikstein.

Elementor’s open-source, drag-and-drop platform has proven popular with design, development and marketing professionals and within just two years, the first million websites had been built using the no-code editing platform. Elementor’s growth rate is accelerating, now adding 200,000 sites built every month and overall, over 4 million websites have been built using the platform, which is available in 55 languages. The driving force behind Elementor’s rapid and quickening rise has been its active community of dedicated users who have generated 70% of Elementor’s nearly 300 features deployed over the past 12 months.

Luksenberg said, "There are tens of millions of people who define themselves as Internet site producers. It's a new profession. Once they were designers or programmers and now they are website builders. They need to build up their business and we have built a community around them. The community is very active, for example translating to other languages and developing products and services that complement Elementor's environment."

He added, "What we have achieved, thanks to our dedicated team and wonderful community, has been truly extraordinary. In addressing a very real need, we have claimed a growing stake in a $300 billion market. With this round of funding, we accelerate our goal of allowing every web creator to easily build professional websites."

Lightspeed partner Tal Morgenstern said, "Elementor's growth is a wonderful example of the power of community and open-source software. The founders set out to solve their own problems as web professionals and ended up with a global, highly-involved fan base that kept pushing and shaping the product from the very onset. Every single metric we looked at indicated an exceptionally strong market fit and we're extremely happy to partner with this team for the next chapter of their journey."

Elementor will use the funding to accelerate the expansion of its operation and its global community, with 500 meetups planned around the world for 2020. The company also plans to increase its workforce by 50% and is gearing up for major product launches to change the way websites are built.

France, Germany and Spain strike deal over joint combat jet
France, Germany and Spain strike deal over joint combat jet
WTL talks construction of DC, SDA units at Turkmenbashi Complex of Oil Refineries
WTL talks construction of DC, SDA units at Turkmenbashi Complex of Oil Refineries
EU agrees partial truce with U.S. over Trump tariffs
EU agrees partial truce with U.S. over Trump tariffs
Loading Bars
Latest
Italy shortens COVID curfew, eases other restrictions
Aeroflot removes all June tickets to Turkey from sale except for two flights - airline
Ryanair posts record annual loss, hopes to break even this year
Turkey reports over 10 170 COVID-19 cases
Georgia will import an additional 1 mln doses of Pfizer vaccine in summer - PM Garibashvili
Kazakhstan strengthening interparliamentary ties with Lithuania
Activities in Iran’s Qeshm port soar
Resident of Azerbaijan’s Sumgayit Chemical Industrial Park exports products to Italy
Azerbaijan sees increase in 4M2021 foreign trade turnover figures
World Economic Forum special meeting in Singapore to not take place
Kazakh, Polish, Ukrainian and Arabian airlines to resume flights to Batumi
Excess pesticide use threatens Turkey's bee population
Azerbaijan’s Baku Metro company opens tender to buy services to modernize railcars
Flights of light aircraft suspended in Iran
Iran's Energy Exchange announces products to be on sale on May 18
Georgia finalizing 10-year economic development plan
Azerbaijan's rating upgraded by Fitch Ratings based on maintaining economic stability - Unicapital
Forces envious of Azerbaijan's success trying to spoil country’s relations with friends - MP
Incident in Georgia purely domestic in nature - Azerbaijani MP
Azerbaijan developing program for transformation of healthcare system
Assistant to Azerbaijani president, NATO deputy Sec-Gen meet in Brussels (PHOTO)
Azerbaijan sends numerous appeals to int’l organizations about Armenia's war crimes
Bronze monument to world-famous Azerbaijani singer to be ready in a month - Trend TV
Command-staff exercises start in Azerbaijan’s Nakhchivan garrison (PHOTO/VIDEO)
EBRD loan portfolio in Azerbaijan shrinks
Iran reveals volume of crude oil to be transported via Goureh-Jask pipeline
Iran, Italy to expand economic ties – FM
Saudia Airlines eyes return to profitability by 2024
Azerbaijan Innovations Export Consortium eyes to expand co-op with Turkic-speaking countries
EBRD's net profit declines in 2020
Activity of Heydar Aliyev Foundation today covers all important spheres of life in Azerbaijan - Russian MP
Novatek to complete Arctic LNG-2 construction one year earlier
Kazakhstan boosts trade with Turkmenistan despite COVID-19
Turkish ŞINLAK HOLDING eyes building solar power plant in Kazakhstan
Uzbek-Chinese JV opens tender for welding electrodes
Turkmenistan's Turkmengas opens tender for purchase of chemical products
Iran's FM discussing international issues with Pope (PHOTO)
Turkmenistan’s Railways open tender for construction of railway station
Azerbaijan's oil exports decline in 4M2021
Uzbek-Chinese JV opens tender for electrical spares parts
France, Germany and Spain strike deal over joint combat jet
Iran’s Bahar Azadi gold coin price again falling
Azerbaijan reports sharp increase in 4M2021 gas exports
Uzbek currency rates for May 18
Uzbekistan Railways notes decrease in net loss
Azerbaijan Economy Ministry cancels requirement of several taxpayers for non-cash payments
EBRD approves working capital loan to Kazakhstan companies operating chromium mine
WTL talks construction of DC, SDA units at Turkmenbashi Complex of Oil Refineries
Uzbekistan, S. Korea eye enhancing bilateral co-op in public security
Kyrgyz Republic’s SMEs Sector to Benefit from ITFC’s US $4 Million Line of Trade Financing Facility
Iran unveils production data of steel products
Germany implementing pilot agricultural project in Azerbaijan
Azerbaijan announces number of citizens vaccinated on May 17
Azerbaijan's 4M2021 revenues from gasoline, diesel retails disclosed
Azerbaijan confirms 426 more COVID-19 cases, 515 recoveries
Iran has potential to become hub for home appliances export
Railway freight traffic between Kazakhstan, Lithuania grows despite COVID-19
Russia ready to assist Armenia, Azerbaijan in border delimitation issue - FM
Volume of Georgian wine exports and its value up
Iran continues to import COVID-19 vaccines
Majority of mobile communication operators in world to support eSIM by 2025 - GSMA Association
Several types of COVID-19 vaccines delivered in Turkmenistan
Active work underway on construction of Pskem HPP in Uzbekistan
Uzbekneftegaz repairs unit for gas purification from sulfur at Mubarek Oil & Gas Production dep’t
Money transfers to Georgia up in April 2021
Lithuania looks to resume regular flights to Kazakhstan - ministry
Kazakhstan boosts mining of iron ores
Unemployment rate down in Azerbaijan
Turkish ambassador meets with head of Turkey-Azerbaijan Interparliamentary Friendship Group (PHOTO)
Baku Boulevard to remain open during 2021 F1 Azerbaijan Grand Prix competition - Baku City Circuit
‘Nar’ team progresses to semifinal in ‘Brain Ring’
Value of chargeable services rendered to Nakhchivan's population in 4M2021 drops
Turkmenistan‘s Turkmenbashi oil refinery develops its industrial potential
Value of Azerbaijan's 4M2021 industrial production down
Kazakhstan’s Pavlodar Oil Chemistry Refinery to buy valves via tender
Indian Shilpa Medicare signs deal to produce Sputnik V
Petrochemical plants to be put into operation in Iran
Kazakhstan boosts imports of Belgium-made goods
EU agrees partial truce with U.S. over Trump tariffs
Dubai eases COVID-19 restrictions, allows full hotel capacity
Azerbaijan announces 4M2021 investments in fixed assets
Azerbaijan to hold auction for shares of joint stocks companies
Azerbaijan announces tasks for using renewable energies in electricity production
Georgia's electronics market shrinking
Cargo transportation volumes surge in Kazakhstan
GPON-based technology being introduced in villages of Azerbaijan (PHOTO)
Iran anticipates another JCPOA Joint Commission Meeting - MFA
No alternative to implementation of trilateral statement on Karabakh - Russian president
Azerbaijan preparing to vaccinate citizens with Russian 'Sputnik V' COVID-19 vaccine
Convention on simplification of customs procedures enters into force for Uzbekistan
Iranian Oil Minister talks about exports, contracts in oil sector
GSMA predicts growth in number of mobile service users in Azerbaijan by 2025
Polish company eyes producing packaging materials for automotive industry in Uzbekistan
Iran reveals COVID-19 data for May 17
Weekly review of Georgian's capital markets (May 10 through May 14)
Azerbaijan continues military exercises, with extensive use of maps (VIDEO)
Iran’s trade turnover with UK announced
Kyoto Convention enters into force in Turkmenistan
Investment in Iran's industrial sector increases
Georgian microfinance organizations reveal data on their profits
All news