2011 Young Gun firm BaseKit raises £4.5m in deal led by Angel CoFund

DIY web-building service to use Business Bank-backed funding to expand global reach

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  • Megan Dunsby

Leading website design business BaseKit, co-founded by 2011 Young Gun Simon Best, has completed a £4.5m round led by government-backed investment scheme the Angel CoFund, and existing investors Eden Ventures, NESTA and Nauta Capital.

Launched in 2008, BaseKit enables small businesses and designers to build and manage sites entirely in its browser and is available in 15 languages.

Having won tech start-up incubator Seedcamp in its founding year, the London-based company says it has become the world’s fastest growing web editor with over 100 strategic partners and 80 employees in offices across Bristol, Toronto and Sau Paulo.

It latest funding round takes its combined investment to date to over £10m and will be used to roll-out its offering to attract new clients in the hosting and telecoms sector.

The news follows the recent re-launch of BaseKit’s website, which seeks to allow hosting companies to integrate the platform in their own sites easily.

BaseKit CEO, Juan Lobato, discussed the company’s plans: “We will use this further investment to continue to develop the BaseKit platform.

“Our focus for 2014 is on rolling out our offering to the world’s leading hosting and telecomms companies, to consolidate our position as the fastest growing website creation platform. We are currently deploying 40,000 new subscriptions’ on the BaseKit platform each month through our partners across 25 countries.”

George Whitehead, Angel CoFund chairman, added:

“We are very impressed with what BaseKit has achieved and its potential for the future.  Our goal is to provide cash for high-growth UK businesses – and BaseKit’s company vision, ability to execute and current momentum classify it is as exactly the kind of business we like to invest in.”

Megan Dunsby

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