Business, Investments

Optimizely raises $57M Series C led by Andreessen Horowitz

San Francisco based website testing company has raised USD 57 million in series B round, as announced by Dan Siroker, CEO, Optimizely in a company blog post on Monday. The round was led by Benchmark, Andreessen Horowitz and Bain Capital Ventures.

The company aims to utilize the raised funds in expanding its employee base of 150 to over 250 and increase its annual revenue growth.

Founded in 2010, Optimizely is a venture of Dan Siroker and Pete Koomen. Till date, including this round, the company has secured a total funding of USD 88.20 million. This includes series A (USD 28M, April 2013), angel investment (USD 1.20M, March 2010), seed round (USD 2M, feb. 2012) and an undisclosed amount from Y Combinator.

The company is also backed by investors such as Google Ventures, Interplast Ventures, Battery Ventures, raymond Tonsing, Felicis Ventures and others.

“Four years later, Optimizely is now the #1 most-adopted website optimization platform in the world “ said Dan.

Optimizely is at present adopted by 7000 customers and is located in 101 countries. It has also launched other tools like Optimizely for iOS, Optiverse and so on.

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