Wix.com, Ltd., a Tel Aviv, Israel-based global website creation company, launched Wix Capital, its own venture capital arm.
Wix Capital will invest in tech innovators that are focused on the future of the web and that look to accelerate how businesses operate in today’s evolving digital landscape. Its 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. To date, the arm has deployed over $5.6 million into several companies including:
- Spike, a communication and workflow tool, that announced in June an $8 million Series A investment round;
- Oriente, a digital fintech company;
- Modalyst, a dropshipping platform; and
- RestAR, a 3D capturing and AI product visualization tool.
Wix provides a cloud-based website development platform to over 180 million registered users worldwide. Through free and premium subscriptions, the company empowers 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 has more than 4,000 employees in Tel Aviv, Austin, Be’er Sheva, Berlin, Cedar Rapids, Denver, Dnipro, Dublin, Kiev, Los Angeles, Miami, New York, San Francisco, São Paulo, Tokyo and Vilnius.