San Francisco-based website hosting firm Weebly says it has raised US$35 million in series C funding from existing investor Sequoia Capital and Tencent Holdings Ltd., according to a company announcement.
The funds will be used to expand into new markets, increase investment in research and development, as well as promoting Weebly’s services.
In 2011, Weebly received undisclosed amount in series B funding from Sequoia Capital. In 2007, it received US$650,000 angel and US$200,000 seed capital from backers including Baseline Ventures and Paul Buchheit, confirms a company spokesperson.
"With the support from Sequoia and Tencent, this next phase for us means making Weebly more accessible," says David Rusenko, CEO and co-founder of Weebly. "We will continue to build an empowering technology platform that helps people turn ideas or passions into scalable businesses."
Founded in 2006, Weebly has over 175 million unique individuals visitors every month, more than half from outside of the United States. Currently, Weebly is available in 12 languages.