Wix

Company Overview

Snapshot

Founded in October 2006 by Avishai Abrahami, Giora Kaplan, and Nadav Abrahami, Wix operates with over 7,000 employees. The company has raised a total of $1.95 billion across 8 funding rounds from 6 investors.

Business overview

Wix is a web-development software platform that provides an HTML5 drag-and-drop website builder and editor. The platform is enhanced by a curated app market, numerous designer-made templates, and robust hosting services. Wix serves millions of businesses, organizations, professionals, and individuals, enabling them to build, manage, and grow their online presence across various markets and industries, primarily within the Media & Entertainment Technologies sector.

Strategic signal

In September 2025, Wix announced an upsized private offering of $1.0 billion in 0.00% Convertible Senior Notes due 2030, following an initial proposal for $750 million. This significant capital raise indicates strong investor confidence and provides Wix with substantial resources to fuel future growth initiatives and strategic expansions, reinforcing its market position in web development.

Company Intelligence Q&A

When did Wix go public?

Wix became a public company on NASDAQ in November 2013.

What was a key strategic acquisition for Wix in 2025?

In June 2025, Wix acquired Base44, a move that is expected to contribute to the company's growth strategy, particularly in light of its focus on growth over profitability in 2026.

What was the nature of Wix's convertible notes offering in September 2025?

In September 2025, Wix announced the pricing of an upsized private offering of $1.0 billion in 0.00% Convertible Senior Notes due 2030.

Which company did Wix acquire in May 2025?

In May 2025, Wix acquired Hour One AI, enhancing its capabilities with artificial intelligence technology.