January 13, 2015 | Four years after its initial investment in Israeli Internet company Wix.com, Benchmark Capital will liquidate its shares in the company. According to a “Globes” report, the US Securities and Exchange Commission filing for the end of 2014 shows that Benchmark has a zero percent stake in the company, while at the previous filing, in February 2014, Benchmark possessed 10.7 percent of Wix company shares. It is believed that the value of Benchmark shares sold, which the venture capital body chose not to sell during Wix.com’s public offering in 2013, is approximately $80 million. Wix has created a platform for the simple and easy creation of websites for small businesses with over 1.1 million paid subscribers and 58 million unpaid using the platform today.
Related posts

Israeli AI Safety Tool Among TIME’S Best Inventions For 2024

TAU Team Discovers Mechanism To Eliminate Cancerous Tumors

Ashdod Port Investing In Startups As Part Of Innovation Strategy

Facebook comments