British pounds

BaseKit secures investment from the Angel CoFund

Website building platform BaseKit has secured a further GBP4.5m funding from the Angel CoFund backed by the British Business Bank, alongside existing investment from Eden Ventures, NESTA and Nauta Capital.

The additional funding follows a previous investment of GBP10m.
 
George Whitehead, chairman of the Angel CoFund, says: “We are very impressed with what BaseKit has achieved and also its potential for the future.  Our goal is to provide cash for high-growth UK businesses – and BaseKit’s company vision, ability to execute and current momentum classify it is as exactly the kind of business we like to invest in.”
 
Juan Lobato, chief executive of BaseKit, says: “We will use this further investment to continue to develop the BaseKit platform. Our focus for 2014 is on rolling out our offering to the world’s leading hosting and telecomms companies, to consolidate our position as the fastest growing website creation platform. We are currently deploying 40,000 new subscriptions’ on the BaseKit platform each month through our partners across 25 countries. We will also be announcing new capabilities within Editor 7, the first site editor built for the mobile-device age.”
 
The investment announcement follows the recent announcement of its 100th partner and the launch of the new BaseKit website, which enables hosting companies to integrate the platform in their own sites easily, through new integration functionalities.

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