Moonfruit wins cash for global push

DIY website building company Moonfruit has raised $2.25 million (£1.5 million) to invest in further international expansion.


DIY website building company Moonfruit has raised $2.25 million (£1.5 million) to invest in further international expansion.

DIY website building company Moonfruit has raised $2.25 million (£1.5 million) to invest in further international expansion.

The company, which was founded in the UK in 1999, attracted the money from US-based investment bank Stephens. The majority will be used for a worldwide sales and marketing drive.

Founder and chief marketing officer Wendy Tan White says the ‘boot-strapped’ company has been profitable for seven years, with ‘multi-million dollar sales’.

She adds, ‘We think the time is right now for a calculated risk to take the business to the next level.’

More than 2.8 million websites have been built using Moonfruit’s software. Some 49 per cent of the London-based company’s customers are in the UK, with 26 per cent in the US.

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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