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CEO of Wix, sporting $3.5M second round, feels 'lucky'

Posted on October 13, 2008

Wix, a two-year-old company that makes tools to help individuals and small businesses build sophisticated Web sites cheaply and quickly, has raised $3.5 million in a Series B funding round led by led by Mangrove Venture Capital of Luxembourg (best known as an early investor in Skype).Allon Bloch, co-founder of Wix, says the startup got in just under the wire, as venture capitalists grow risk-averse amid the deepening financial crisis. We were fairly lucky, he says, noting that the funding environment over the past three or four weeks has deterioratedfairly quickly. We definitely felt a chan...

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