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PageCloud®, developer of the world’s most innovative website creation platform, closed its Series A financing round, bringing total funds raised to $11.5 million CAD (~$8.6M USD). Key investors include early-stage venture capital firm Accomplice and trade-finance agency Export Development Canada, as well as notable angel investors from SalesForce.com, LinkedIn, and Shopify.
“This funding lets us scale our team and continue to democratize the Web for everyone,” said Craig Fitzpatrick, founder and CEO, PageCloud. “We’re shattering the technical barriers to creating content on the world’s greatest medium: the Internet. For the last 20 years, the Web has been dominated by rigid cookie-cutter templates and labor-intensive manual coding. We’re making it as easy as using a pencil and paper, for everyone with an Internet connection. This new financing is a great vote of confidence from investors who share our vision.”
PageCloud’s website creation technology, which debuted in the fall of 2015, marks a major change in the way content is created online. It puts control in the user’s hands with a powerful website creation and editing solution that enables anyone to create rich, unique user experiences without requiring any coding knowledge. PageCloud greatly simplifies the process of creating and editing websites, including the complex process of making web content mobile, with intuitive drag and drop functionality.
The $20.1 billion US website creation market hasn’t changed much in the past 15 years, with tools still too technical for most people to use:
70% of website budget and effort still goes into manual coding, but only 1% of the population knows how to code
45% of businesses in developed countries still don’t have websites yet, and 2/3 of the planet still isn’t online
785 million websites exist today, with 16 million new ones created monthly (or 6 new sites per second)
Since releasing its website creation platform to the public one year ago, PageCloud has acquired more than 15,000 customers in over 130 countries worldwide. This Series A funding will help the company continue to develop the platform and add more groundbreaking functionality, helping anyone create their dream website.
“We love the PageCloud team’s product-first mentality and that we could find early-adopter users who validated the promise of the tech and the approach. It’s a very big market that hasn’t changed a lot since the advent of the Web, and it’s time for a new, more agile option,” said Jeff Fagnan, founder and general partner, Accomplice. “PageCloud frees people from the shackles of what website creation used to be. It gives non-technical people the ability to build beautiful websites.”
PageCloud is available now for $24/month, which includes hosting, after a 14-day free trial at www.pagecloud.com.