Basekit takes total investment to $25m with latest $3m backing
Young Gun-founded website builder reaps benefits from industry boom
Website building platform Basekit today announced it has raised a further $3m expansion capital to grow its offering, taking the platform’s total investment to $10m in 2014 alone.
Founded in 2008 by Richard Best, Richard Healy and former Young Gun Simon Best, Startups 100-listed Basekit was one of the first businesses to offer a do-it-yourself website builder service as an alternative to traditional web design services.
Since winning tech start-up incubator Seedcamp in its founding year, the company has grown into one of the leading providers in the emerging sector, with more than 100 strategic partnerships worldwide and offices in London, Bristol, Toronto and Sao Paolo.
The $3m investment follows a £4.5m Angel CoFund-led deal in February of this year and takes the total investment in Basekit to $25m across its life, with $10m coming in 2014 alone.
Basekit’s latest backing, from undisclosed investors, appears to be part of a general surge of interest in the website building industry as companies in the space continue to disrupt the traditional web hosting business model.
Other businesses in the space to recently raise investment include Weebly, which raised $35m in funding this month, Squarespace, which raised $40m, and Israeli firm Wix, which concluded an IPO in later 2013 which raised $127m.
Basekit’s investment follows the appointment of Thomas Vollrath to its board, who was previously CEO of European web hosting giant Host Europe Group. Vollrath said: “Momentum is what attracted me to BaseKit. Hosting providers have to cater to the multiple needs of small and medium-sized firms’ online presence and BaseKit meets that need.
“Many market players have chosen to go directly to the end user, however BaseKit has been able to create an international reach, across 26 countries and in 16 languages, through its partnerships with hosting providers.”