Startups will have the backing of Wix to jumpstart their growth
Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform to create, manage, and grow a global, digital presence1, today announced Wix Capital Accelerator Program, which will be recruiting several Israel-based pre-seed and seed-stage companies. The program will focus on companies creating disruptive business platforms, tools and management solutions for SMBs and their customers, as well as AI, deep learning and LLM based solutions.
Startups selected for the Wix Accelerator Program will benefit from advisory and mentorship support in product, business development and financing from Wix with relevant domain expertise to guide them and provide insights. Furthermore, companies will have state-of-the-art office space at the Wix Headquarters for all employees.
“With the launch of the Wix Accelerator Program, we are unlocking new levels of growth for Wix, our users, and the companies involved,” said Lior Shemesh, CFO of Wix. “In the last several years, Wix has gone from a small startup to a multi-billion dollar business, but we haven’t forgotten where we started, which is why we are excited to facilitate an accelerator program. We are confident that these investments will deliver new tech innovations that allow these companies to flourish and in turn, benefit our business and our users as well. We look forward to kicking off this new endeavor and cultivating the next generation of technology leaders in Israel.”
The Wix Accelerator Program is designed for Israel-based startups operating in core strategic fields of interest to Wix, such as those innovating new business solutions for SMBs and providing better experiences for site visitors on all kinds of services such as eCommerce, Bookings, Restaurants, Hotels and more, as well as AI, deep learning and LLM based solutions.
Launched in 2019, Wix Capital is a fund investor in startups sharing Wix’s technology, innovation, and development mindset. The Wix Accelerator Program will expand on this mission to grow and cultivate companies that offer synergy with Wix’s growth strategy.
Recruitment for the Wix Accelerator is now open. More information about the Wix Accelerator Program can be found here.