4 February 2014, London: BaseKit, the leading website building platform, has today announced that is has secured a further £4.5m funding from the Angel CoFund backed by the British Business Bank; alongside existing investment from Eden Ventures, NESTA and Nauta Capital.
The additional funding follows a previous investment of £10m, and comes at a significant time for both parties, confirming the economic growth as discussed in this years’ Autumn Statement.
George Whitehead, chairman of the Angel CoFund comments: “We are very impressed with what BaseKit has achieved and also 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.”
Juan Lobato, CEO BaseKit notes: “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. We will also be announcing new capabilities within Editor 7, the first site editor built for the mobile-device age.”
The investment announcement follows the recent announcement of its 100th partner and the launch of the new BaseKit website, which enables hosting companies to integrate the platform in their own sites easily, through new integration functionalities.
BaseKit was founded in 2008 and has become the world's fastest growing website editor, distributed by global partners in the hosting and telecoms space. The platform enables small businesses and designers to build and manage beautiful websites entirely in the browser. BaseKit’s website editor is available in 15 languages and multiple integrations are supported, including: On-premise, SaaS, cPanel plugin and Parallels APS.
BaseKit now has over 80 employees, with offices in London, Bristol, Toronto, and Sao Paulo, with over 100 strategic partnerships worldwide. BaseKit won Seedcamp in 2008 and has subsequently received investment from Eden Ventures, NESTA and Nauta Capital.
About Angel CoFund
Launched in 2011, the Angel CoFund is a privately run fund that works alongside groups of business angels to invest in high growth small and medium sized businesses across the UK, directly providing funding as well as encouraging the expansion of the business angel market.
Backed by the new British Business Bank and the Government’s Regional Growth Fund, the £100m Angel CoFund is able to make initial investments of between £100,000 to £1 million into businesses, alongside syndicates of business angels. To date the fund has supported 35 companies (for example Yplan, PlayJam and Micrima) providing over £12 million in direct investment alongside £50 million from business angels.