This morning we announced our biggest financing milestone to date: $13.9 million in Series A funding. This first institutional round was led by new investor Shasta Ventures, with support from Correlation Ventures, and participation from existing investor Marc Benioff, with whom we've been privileged to work with from the very beginning. Our investors share our enduring vision of making code-free websites — designed, deployed, and managed by non-technical users, a new enterprise standard.
Our recent wave of customer wins has helped validate our championing the “code-free movement” for enterprise. Indeed, we’ve brought in some amazing customers, including a number of highly recognized global brands. Check out the style-forward websites brought to life by creative teams at companies like Lowe’s, Colliers, and New York Fashion Week.
From day one, we’ve been dedicated to the principle that marketers and creative professionals should be in control of their brands’ web presence, and now they can be. Molly Stauning at Lowe’s boasts that the Brandcast-powered allen+roth site, which she owns and controls, “has been the envy of many other groups at Lowe’s!”
This is why I was excited to join Brandcast over 16 months ago — as an ex-CMO, it’s earthshaking to introduce a design-driven content marketing platform for non-technical users — built on the most advanced web technologies on the planet.
And the market is enormous. Forrester has estimated there are 1 billion websites in the world, including an average of 268 sites per enterprise, with some at over 1,000 sites. We’ve run into customers with 10,000s of sites, built on a fragmented collection of antiquated platforms: a technology and marketing nightmare.
We help CMOs answer one of the questions that keeps them up at night: