Webvanta Blog: Creating Effective Websites

Webvanta Series A Financing Closed

I am pleased to announce that we have closed our Series A financing. With this additional capital, we have the resources to continue advancing our products, ramp up our marketing efforts, and add support staff.

As you are no doubt aware, 2009 has been an exceptionally difficult year to raise capital. That we were able to complete a financing in this difficult climate is a testament to the strength of the opportunity, the success we have had with our initial product, and the confidence our investors have placed in us.

Our two outside board members, David Hehman and Greg Seal, have played especially important roles, both in helping guide the company and as investors. I am deeply grateful to them for their support and encouragement. David and Greg are members of the North Bay Angels, as are several of our other investors.

I’d also like to take this opportunity to thank my cofounder and business partner, Christopher Haupt. Building this business has been a real team effort, and it would not have been possible without his exceptional skill and commitment.

Last, but not least, I’d like to thank our wonderful customers: the designers, business owners, and consultants who had the vision to take a chance on our fledgling platform and build great sites with it.

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