About Wix
Wix is a company based in Tel Aviv (Israel) founded in 2006.. Wix has raised $53.5 million across 5 funding rounds from investors including Bessemer Venture Partners, Insight Partners and DAG Ventures. The company has 5,280 employees as of December 31, 2024. Wix has completed 13 acquisitions, including Appixia, DevianART and DeviantArt. Wix offers products and services including Website Builder, eCommerce Solution, AI Website Builder, and Scheduling Tool. Wix operates in a competitive market with competitors including OKHOME, The Minte, Batmaid, Snabbit and Airo, among others.
- Headquarter Tel Aviv, Israel
- Employees 5280 as on 31 Dec, 2024
- Stage Public
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Wix.Com Ltd.
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Annual Revenue
$1.76 B12.74as on Dec 31, 2024
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Net Profit
$138.32 M317.42as on Dec 31, 2024
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EBITDA
$131.26 M278.48as on Dec 31, 2024
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Total Equity Funding
$53.5 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
Bessemer Venture Partners
& 4 more
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Employee Count
5280
as on Dec 31, 2024
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Investments & Acquisitions
Appixia
& 12 more
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IPO & Listings of Wix
Wix is a publicly listed company on the NASDAQ with ticker symbol WIX in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Wix
Wix offers a comprehensive portfolio of products and services, including Website Builder, eCommerce Solution, AI Website Builder, and Scheduling Tool. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for creating and customizing websites easily.
Tools for managing online sales and orders.
Generates websites through conversational AI interface.
Manages appointments and staff for services.
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Software Development Team
105 people
Data Analysis and Operations Team
76 people
Product Management Team
50 people
Sales and Marketing
40 people
Human Resources and Administration
31 people
Creative and Marketing Team
31 people
Leadership Team
29 people
Operations Team
29 people
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Funding Insights of Wix
Wix has successfully raised a total of $53.5M across 5 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Last Round
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First Round
First Round
(13 Oct 2008)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Post-IPO - Wix | Valuation |
investors |
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| Aug, 2020 | Amount | Post-IPO - Wix | Valuation |
investors |
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| Mar, 2011 | Amount | Series D - Wix | Valuation | Insight Partners , DAG Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Wix
Wix has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Bessemer Venture Partners, Insight Partners and DAG Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Mid-stage venture capital investments and support for tech entrepreneurs.
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wix
Wix has strategically engaged in corporate development activities, having acquired 13 companies. Notable acquisitions include Appixia, DevianART and DeviantArt. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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AI and ML-based video content creation platform is provided.
|
2018 | ||||
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Automated gift card and loyalty solutions provider
|
2017 | ||||
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Provider of management consulting services
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Wix
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wix Comparisons
Competitors of Wix
Wix operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as OKHOME, The Minte, Batmaid, Snabbit and Airo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
House cleaning services are booked via a mobile platform.
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| domain | founded_year | HQ Location |
Housekeeping and cleaning services for residential properties are offered.
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| domain | founded_year | HQ Location |
On-demand home cleaning services are facilitated via an online marketplace.
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| domain | founded_year | HQ Location |
Users are connected to trained professionals for on-demand home services.
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| domain | founded_year | HQ Location |
On-demand home services are facilitated via a digital platform.
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| domain | founded_year | HQ Location |
On-demand cleaning services are provided for homes and small businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wix
Frequently Asked Questions about Wix
When was Wix founded?
Wix was founded in 2006 and raised its 1st funding round 2 years after it was founded.
Where is Wix located?
Wix is headquartered in Tel Aviv, Israel.
Is Wix a funded company?
Wix is a funded company, having raised a total of $53.5M across 5 funding rounds to date. The company's 1st funding round was a Series D of $40M, raised on Oct 13, 2008.
How many employees does Wix have?
As of Dec 31, 2024, the latest employee count at Wix is 5,280.
What is the annual revenue of Wix?
Annual revenue of Wix is $1.76B as on Dec 31, 2024.
What does Wix do?
Wix was founded in 2006 in Tel Aviv, Israel, and functions within the web development sector. A cloud-based platform is maintained for creating websites through a drag-and-drop interface, supported by AI tools. Operations include template customization, e-commerce setup, inventory tracking, CRM integration, analytics reporting, hosting services, and security measures. SEO features are integrated to support site visibility across global users.
What products or services does Wix offer?
Wix offers Website Builder, eCommerce Solution, AI Website Builder, and Scheduling Tool.
Is Wix publicly traded?
Yes, Wix is publicly traded on NASDAQ under the ticker symbol WIX.
How many acquisitions has Wix made?
Wix has made 13 acquisitions, including Appixia, DevianART, and DeviantArt.
Who are Wix's investors?
Wix has 5 investors. Key investors include Bessemer Venture Partners, Insight Partners, DAG Ventures, Mangrove Capital Partners, and Benchmark.
What is Wix's ticker symbol?
The ticker symbol of Wix is WIX on NASDAQ.
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