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Web building platform Elementor raises USD 15 Mn in funding

Feb 27, 2020 by The Passage Team
Web building platform Elementor raises USD 15 Mn in funding

Elementor, the leading WordPress website builder platform, has raised USD 15 million from Lightspeed Venture Partners in their first round of institutional funding. This comes as Elementor's intuitive web building platform continues to rapidly extend its market share, with a significant portion of all WordPress sites built last year using its platform.

Elementor was founded in 2016 by Yoni Luksenberg and Ariel Klikstein to enable professional web creators to easily and painlessly build stunning websites according to their specific needs. Elementor's open-source, drag-and-drop platform quickly struck a chord with design, development and marketing professionals frustrated with the existing convoluted options and within just two years the first million websites had been built using the no-code editing platform.

"What we have achieved, thanks to our dedicated team and wonderful community, has been truly extraordinary," said Yoni Luksenberg, CEO of Elementor. "In addressing a very real need, we have claimed a growing stake in a $300 billion market. With this round of funding, we accelerate our goal of allowing every web creator to easily build professional websites."

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