Elementor Raises $15 Million For Its Web Development Platform

Elementor Raises $15 Million For Its Web Development Platform

by NeoTech Post

Elementor, an open-source, drag-and-drop WordPress web development platform, raised $15 million from Lightspeed Venture Partners. 

Elementor was founded in 2016 by Yoni Luksenberg and Ariel Klikstein to enable professional web creators to easily and painlessly build websites according to their specific needs. Overall, over 4 million websites have been created using the platform, which is available in 55 languages. 

The company plans to use the funds to accelerate the expansion of its operation and its global community, with 500 meetups planned around the world for 2020. The company will also grow its team by 50% and is gearing up for major product launches.

“Elementor’s growth is a wonderful example of the power of community and open-source software,” said Tal Morgenstern, Partner at Lightspeed. “The founders set out to solve their own problems as web professionals and ended up with a global, highly-involved fan base that kept pushing and shaping the product from the very onset. Every single metric we looked at indicated an exceptionally strong market fit and we’re pleased to partner with this team for the next chapter of their journey.”