Web development platform Weebly raises funding

weebly.jpgSan Francisco based Weebly that allows businesses to develop website, blog or online store has raised USD 35 million in Series C funding from existing partner Sequoia Capital and Tencent Holdings Ltd.

The funds will be used to expand into new markets, increase investment in R&D and marketing operations, the company announced.

“As technology takes over the workplace and impacts the job market on a global scale, we want to be the entrepreneurial springboard that helps everyone bring their idea to life,” said David Rusenko, CEO and co-founder of Weebly. “With the support from Sequoia and Tencent, this next phase for us means making Weebly more accessible. We will continue to build an empowering technology platform that helps people turn ideas or passions into scalable businesses.”

Weebly develops websites that run on computers, phones and tablets. Its instant drag and drop tools require no coding chops and allow individuals and millions of small businesses looking to set up their first online storefronts.

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Currently, Weebly is available in 12 languages.  As per the company, over 175 million unique visitors reach Weebly sites each month, while over 20 million people in 150 countries have used the service to create a site, blog or online store.

Other players Weebly completes with include Squarespace and Wix. Squarespace has also raised USD 40 million Series B funding earlier this month.

Tencent is continuously expanding its portfolio of fast-growing U.S. startups. In addition to Weebly, the Chinese company has backed mobile-messaging app Snapchat, mobile game maker Plain Vanilla and e-commerce site Fab.

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The author can be reached at devesh@iamwire.com

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