Just after one year of getting a funding from a series A, website building platform Strikingly said today in a report that it has raised a $10 million Series A+. and this time, the round was led by the leading investor that is Cathay Capital, with participation from CAS Holding, the lead investor in Strikingly’s Series A. with the help of this funding, the company has now totally raises $17.5 million.
Co-founder and CEO David Chen tells TechCrunch that the funding is “technically a Series B level round for us,” but the team wanted to call it a Series A+ because the capital will be used to continue the momentum of products launched around the time of its Series A, including a mobile website editor and a reseller program, as well as its growth in China. (Series A+ rounds are also more common in China, where Strikingly has an office in Shanghai and is one of the most popular website building services).
“The A+ is a natural continuation of what we’ve been doing since our Series A,” Chen says.
The startup which is founded in the year 2012, Strikingly doubled the size of its team over the past year from around 150 to 300 employees. The reseller program, launched in early 2017 after the company realized many Strikingly customers use the platform to build sites for other people, now has users in 70 countries.
Strikingly also has another edge over some of the other competitors in China, where it’s already dealt with the hurdles which is faced by content management software providers. “Content is very strictly regulated and just being able to enter China was a big step forward from any of our counterparts in the U.S.,” says Chen. Over the past two years, he says Strikingly has become one of the leading website-building SaaS solution platform which is available in China, thanks to partnerships with Alibaba Cloud, Tencent Cloud and ZBJ, China’s largest market for freelancers. For example, Tencent Cloud users were offered free week-long trails of Strikingly and it is integrated into ZBJ’s platform.
“China is a huge market obviously and we have already done the hard work of being able to enter China,” says Chen. “We see a lot of opportunities here even beyond website building, but that being our core product gives us a very good entry point to any enterprise service marketplace in China.”
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