The Israeli web development platform – Wix, reported today (Wednesday) that it established a corporate investment fund to support start-up companies. Wix Capital invests Start-up companies in the Seed round and A׳ round. Wix’s fund will focus on areas that improve the way businesses operate in the digital age. In particular, in software companies operating at the line between online development and design, digital business commerce and management, artificial intelligence, and automation solutions. The new investment fund will be led by Lior Shemesh – Wix CFO.
Wix hopes that this move will create new collaborations and data sharing with technology companies around the world. They explained that Wix itself started as a small startup to a multi-billion high tech company with more than 182 million active users and more than 4,000 employees. They explain that all the knowledge they have accumulated, the relationships built in the company, and the expertise of its employees can greatly help start-up companies in the early stages to grow.
“Given Wix’s success, the Wix team understands building a world-class team while keeping a strong start-up culture,” ; “Launching Wix Capital will help us stay on top of emerging trends in our fields and be a targeted effort of allocating strategic support to companies that are looking at us as an example of a strong growth company,”Lior Shemesh, Wix Chief Financial Officer.
Wix Capital already invested 5.6 million dollars. Wix participated in Round A of Spike, which last June completed a $ 8 million investment that also included Zoom founder and CEO Eric Yuan. Other investments are Oriente, a company that specializes in financial services in emerging Asian markets; the drop-shipping platform Of Modalyst, which provides insights in the areas of online commerce, and RestAR which provides online merchants tools for creating 3D simulations of their products.
To learn more about Wix Capital, please visit https://www.wix.com/wix-capital.