US-based website creation tool developer Strikingly has received more than $10m in a series A-plus round that featured CAS Holding.
US-based website creation tool developer Strikingly has received more than $10m in a series A-plus round that featured CAS Holding, an investment arm of Chinese Academy of Sciences, TechCrunch has reported.
Cathay Capital led the round, which brought Strikingly’s total funding to $17.5m.
Founded in 2012, Strikingly operates a website building service that is intended to be both accessible and capable of creating polish and mobile-responsive websites.
The company’s offering includes a reselling program that enables clients to buy websites in bulk and manage them through a centralised dashboard.
Strikingly currently has users in 70 countries. In China, the company has partnered cloud computing services including Alibaba Cloud and Tencent Cloud, operated by e-commerce firm Alibaba and internet group Tencent respectively.
The capital will help Strikingly drive further business growth in Asia with the launch of more features facilitating customer acquisition for resellers.
CAS Holding previously backed Strikingly’s $6m series A round in August 2017 that also included Infinity Venture Partners, Sinovation Ventures, Teec Angel Fund and angel investor Kevin Hale.
Strikingly had already received $1.5m in a 2013 seed round featuring Infinity Venture Partners, Index Ventures, Funders Club, SV Angel, Innovation Works, ZenShin Capital, Y Combinator and angel investors including Kevin Hale.
The company also obtained $120,000 the same year for taking part in Y Combinator’s accelerator program.
