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WordPress site builder plugin elementor raises fifteen million in funding

Sat, 29th February 2020, 03:20

This past Wednesday, Wordpress page builder plugin Elementor announced that it has raised $15 million in its first round of funding. This follows the plugin being installed more than four million times.

Elementor, which was founded in 2016 by Yoni Luksenberg and Ariel Klikstein, has grown rapidly in the past two years with most of its userbase coming on within that time period. In the last year, it has added over 300 new features and is now translated into 55 languages.

“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,” said Tal Morgenstern, one of the partners at Lightspeed Business Partners, which led the funding. “Every single metric we looked at indicated an exceptionally strong market fit and we’re extremely happy to partner with this team for the next chapter of their journey.”

Elementor plans on investing some of the money into expanding its base of 130 employees by 50 percent and growing the community that has helped its own growth further with over 500 global meetups planned in 2020. It also plans on expanding features and products, though there are no details on what that entails yet. “We don’t want to ruin the surprise by revealing the features too soon,” Luksenberg said in a statement to Wordpress Tavern. 

However, Luksenberg has made it clear that he is excited for the future and hopes that this move helps facilitate growth and funding with other companies like Elementor within the Wordpress community. “It’s one small step for Elementor, one giant leap for the WordPress community.”