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Hamburg's DIY Website Builder Raises 25 Million Euro

Hamburg-based Jimdo has secured a €25 million ($28 million) minority investment from American growth equity firm Spectrum Equity.

Jimdo closed a 25 million euro minority investment round led by Spectrum Equity. Spectrum is an investor that specialises in profitable, growth-stage companies with sustainable business models. The new capital will be used to continue Jimdo’s product innovation and rapid growth. Since its founding in 2007, Jimdo has become a global company that is profitable, sustainable, and values-driven. It was the first website builder to become cross-platform, with the release of its iOS app in 2013 and its Android app in 2014.

Taking Jimdo to the Next Level

“We’re incredibly proud of having built Jimdo with only €500,000 of outside capital,” said Matthias Henze, co-founder of Jimdo, “but now it is time to take Jimdo to the next level and pursue the additional product and market opportunities that are available to the company in this rapidly growing market. For this step, we are really happy that we have found the right partner in Spectrum—they have a deep understanding of our business, and have a long term perspective, just like we do.”

Pioneer in Cloud-Based Services

“We have had the pleasure of getting to know Jimdo and its team over a multi-year period and greatly admire the business they have built and the company’s values-driven culture,” said Ben Spero, Managing Director at Spectrum Equity. “Jimdo has been a pioneer in providing cloud-based services to help small businesses across the world reach their customers online, and we are excited to partner with the team as they continue to grow the business.”

Jimdo is used by entrepreneurs like Allison, musicians like Ben, yoga instructors like Oceana, and millions of talented individuals and businesses who want to present their projects and passions online. Users and experts alike praise Jimdo for its simplicity of use, individuality in design, and outstanding service.

At Home in Hamburg

in 2014, Jimdo was recognised for its achievements and grated the city’s startup awards “Hamburger Gründerpreis”. The company is now one of the finalists on the federal level of the German startup contest. In regard to Hamburg, co-founder Fridtjof Detzner says: “In Hamburg, we were able to set up a great team, which we are going to expand even further if needed. In addition, our office is a great place to work, with excellent links to public transport. We just feel simply great here in Hamburg.“
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source and further details:
www.jimdo.de
www.hamburg-startups.net

About Jimdo

Jimdo is the easiest way to create a website on a computer, smartphone, or tablet. With a simple intuitive interface, Jimdo enables anyone to create a customized online presence with a blog and online store. Founded in Germany in 2007 by Christian Springub, Fridtjof Detzner, and Matthias Henze, the company set a new standard in website creation. Profitable since 2009, Jimdo has a passionate team of 200 people in Hamburg, San Francisco, and Tokyo. Jimdo is available in eight languages and has helped people build over 15 million websites. For more on Jimdo visit: www.jimdo.com

About Spectrum

Founded in 1994 with offices in Boston and San Francisco, Spectrum is a leading growth equity firm that provides capital and strategic support to its portfolio companies. Spectrum has invested in over 120 companies in the last 20 years ­ representative investments include Ancestry.com, GrubHub, lynda.com, SurveyMonkey, Animoto, Prezi, WeddingWire, and Teachers Pay Teachers.
“w​ww.spectrumequity.com”:w​ww.spectrumequity.com

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