DudaMobile's rapid growth mirrors the quick adoption of the mobile web amongst businesses and consumers.
Palo Alto, Calif. (PRWEB) March 27, 2012
DudaMobile, the leading do-it-yourself mobile website builder for small- and medium-sized businesses, secured $6 million in Series B funding from Pitango Venture Capital.
The funding comes on the heels of hitting a promising milestone: Building more than 1.4 million mobile websites on its platform. Since the beginning of the year, more than 100,000 new mobile websites have been built each month using the DudaMobile platform.
Itai Sadan, co-founder and CEO of DudaMobile, said the company’s rapid growth mirrors the quick adoption of the mobile web amongst businesses and consumers.
“This is a pivotal time in the mobile movement with more-and-more people using their mobile devices to browse the web,” Sadan said. “The Series B funding gives DudaMobile the opportunity to augment its do-it-yourself platform and lead more businesses into the mobile future.”
The latest investment round allows the company to charge forward on its mission to make all websites mobile-friendly and will be used to grow its internal team and enhance the DudaMobile site builder platform.
Pitango’s Eitan Bek also joins DudaMobile’s board of directors: “DudaMobile addresses the growth and significance of the mobile web as it becomes increasingly important for businesses to offer a usable mobile site,” Bek said. “I have big faith in (co-founders) Itai Sadan, Amir Glatt and their team that developed an impressive product and achieved significant market presence in a short time.”
Previously, DudaMobile received funding from several angel investors, including its board chairman Oren Zeev, StubHub founder Jeff Fluhr and Audible.com CEO Don Katz.
Founded in 2009, DudaMobile is on a mission to make all websites mobile-friendly. The do-it-yourself mobile website solution converts a user’s existing site into a version that is compatible with mobile phones. DudaMobile’s site builder platform is geared toward small- and medium-sized businesses that need a fast, simple and affordable way to create a mobile website. It also has a private label solution used by partners such as Webs.com and AT&T Interactive.
About Pitango Venture Capital
Pitango Venture Capital, the leading venture capital firm in Israel, has been investing in technology entrepreneurs since 1993. With offices in Israel and Silicon Valley, Pitango currently manages several venture funds totaling over $1.4 billion in committed capital. It is invested in more than 150 companies; among them are companies that have gone public, such as JinkoSolar, RADWARE, Retalix, CardGuard and others as well as companies that were acquired, such as superDimension (acquired by Covidien), Anobit (acquired by Apple), VideoSurf (acquired by Microsoft), Provigent (acquired by Broadcom), Convergin (acquired by Oracle), Optonol (acquired by Alcon), Dune Networks (acquired by Broadcom) Ventor (acquired by Medtronic), Traiana (acquired by ICAP), ColBar (acquired by Johnson & Johnson), RADLAN (acquired by Marvell) and Disc-o-Tech (acquired by Kyphone). Pitango invests in early stage start-ups, as well as growth phase companies in the IT, Life Sciences and Cleantech industries.