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June 4, 2013 05:15 pm GMT
Riding the growing demand for DIY website tools, Wix has grown into a sizable company and now employs nearly 400 people in its offices in Tel Aviv, New York and San Francisco. The Israeli-American startup is backed by just under $60 million from investors like Bessemer Venture Partners, Benchmark, DAG Ventures and IVP and has a user base of more than 27 million registered users who have created over 23 million websites (as of December). Behind its continuing growth, it appears the company is ready to take the next step in its development, as it today submitted a "draft registration statement" to the SEC, which officially puts it on a collision course with the public markets.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/I455noe9KgM/
Now 34M Users Strong, DIY Web Publishing Platform Wix Takes First Step Toward IPO
Riding the growing demand for DIY website tools, Wix has grown into a sizable company and now employs nearly 400 people in its offices in Tel Aviv, New York and San Francisco. The Israeli-American startup is backed by just under $60 million from investors like Bessemer Venture Partners, Benchmark, DAG Ventures and IVP and has a user base of more than 27 million registered users who have created over 23 million websites (as of December). Behind its continuing growth, it appears the company is ready to take the next step in its development, as it today submitted a "draft registration statement" to the SEC, which officially puts it on a collision course with the public markets.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/I455noe9KgM/
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