Venture Capital News: DudaMobile Raises $10.3M
2013-04-10
PALO ALTO, CA, Leading do-it-yourself mobile website solution for small businesses, announced today that it has raised $10.3 million in new funding.
DudaMobile, the leading do-it-yourself mobile website solution for small businesses, announced today that it has raised $10.3 million in new funding, led by Pitango Venture Capital and Oren Zeev from Orens Capital, bringing total funding to $18.6 million. This latest investment is representative of the rapid growth the company has experienced alongside the adoption of the mobile web by small businesses both in the U.S. and around the world.
"The mobile web is drastically changing the way consumers interact with businesses," says Itai Sadan, CEO of DudaMobile. "With over 50% of the US population now using smartphones, businesses with a mobile-friendly website are seeing explosive growth coming from people searching on their phones. Consumers simply love the convenience of clicking a thumb-friendly button on their phone to call a business or get directions. It's simple, easy and, for business owners, translates into real revenue growth."
Fueled by Duda's self-service platform, reseller network and partnerships with GoDaddy, Yahoo, Google, Homestead, OpenTable, AT&T and Webs.com, DudaMobile now has four million mobile websites built and hosted on its platform. Duda also recently expanded into international markets with a localized version of their mobile website platform including Australia, Brazil, Japan, Mexico and Spain.
DudaMobile will dedicate much of its funding to product development and expanding Duda's service offerings including mobile advertising. "When we started the company, we were focused on making it dead simple for your average small business owner to create a mobile website in minutes," says Dennis Mink, Chief Communications Officer at DudaMobile. "As the space continues to evolve, businesses are looking to create a more sophisticated mobile presence that truly engages visitors and converts new prospects into loyal customers."
Joining Pitango Venture Capital and Orens Capital in the latest funding round are Primera Capital, Figtree Partners, Dan Rose, VP Partnerships at Facebook, Don Katz, CEO at Audible.com, Zohar Gilon and others.
About DudaMobile
DudaMobile is a do-it-yourself mobile website platform that gives small- and medium-sized businesses a fast, simple and affordable way to build a mobile-friendly website. With a patented one-click conversion technology, DudaMobile makes it easy to convert most any desktop website into a mobile optimized site in seconds. DudaMobile is widely used amongst agencies, designers, marketers and small businesses, as well as large enterprise partners including GoDaddy, AT&T, Yahoo, Google, Homestead and OpenTable. DudaMobile is based in Palo Alto, California and currently hosts 4 million mobile websites on its platform.
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