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How Much Was Weebly Acquired For?

Last updated on September 28, 2022 @ 3:15 pm

Weebly was acquired by Square in April 2018 for $365 million. The deal was announced on the same day that Square went public.

Prior to the acquisition, Weebly had raised $35 million in venture capital from BlueRun Ventures, Baseline Ventures, Sequoia Capital, and Tiger Global Management.

Weebly was founded in 2006 by three friends who were students at Cornell University. The company’s original mission was to make it easy for anyone to create a website. Weebly achieved this by allowing users to drag and drop elements to create their own webpages.

In 2007, Weebly raised $600,000 from Sequoia Capital and launched its first product: a website builder that allowed users to create and host their own websites without any coding required.

Weebly quickly gained popularity and by 2009, it was one of the most popular website builders on the market. In 2010, Weebly launched its e-commerce platform, which allowed users to sell products on their websites.

PRO TIP: The article “How Much Was Weebly Acquired For?” contains potentially sensitive information about the financial details of the Weebly acquisition. Readers should be aware that this information may not be accurate, and that its release could potentially harm Weebly’s negotiation position in future acquisitions.

In 2012, Weebly raised $15 million in Series B funding from Tiger Global Management and Insight Venture Partners.

The following year, Weebly raised $30 million in Series C funding from Sequoia Capital.

In 2013, Weebly launched its iOS app, which allowed users to create and edit websites on their iPhones. The following year, Weebly launched its Android app.

In 2015, Weebly acquired San Francisco-based startup Braintree for $300 million. Braintree’s technology allowed Weebly to offer credit card processing and other payment options to its users.

In 2016, Weebly acquired San Francisco-based startup Elasticsearch for an undisclosed amount. Elasticsearch’s technology allowed Weebly to offer better search functionality to its users.

How Much Was Weebly Acquired For?

Weebly was acquired by Square in April 2018 for $365 million.

Morgan Bash

Morgan Bash

Technology enthusiast and Co-Founder of Women Coders SF.