EVO Media Group raises $1.5M to help you build a moneymaking website
EVO Media Group, which runs the DevHub.com service, says it’s making headway in the website-building market by adding a crucial ingredient — money. And the Seattle startup just raised $1.5 million in new funding itself.
Like Weebly, Yola, and others, DevHub makes it easy to build a web site by just dragging and dropping the elements into place. But the people who use those services tend to be individuals who want personal web sites, or small businesses in need of a web presence and maybe an online store. (I built my personal site using Weebly.) DevHub, on the other hand, says it can help you make money through advertising. To that end, all of its services are free (DevHub takes a cut of your revenue), and it also offers modules that make it easier to add content and advertising, such as affiliate offers, job listings, RSS feeds, and more.
If that sounds like a recipe for throwing up a bunch of not-terribly-useful sites that make money off search engine traffic, well, you can check out its gallery of featured sites. The content on the sites is certainly uneven, but DevHub says it limits users to 10 sites at first, and only allows you to create more if the first ones are high-quality.
The DevHub service launched in February of this year. The company says it now has more than 30,000 users whose sites draw more than 2 million unique users per month — and it’s profitable.
The funding comes from an undisclosed private equity group and individual angel investors, including Geoff Entress of Voyager Capital, John Cunningham of Clearfir, Alex Algard chief executive of WhitePages.com, Jeff Schrock of Intel Capital, and Richard Wolpert (former President of Disney Online). EVO Media has raised less than $2 million in all, and says this should be the last time it needs to raise a venture round.
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About the Author, Anthony Ha
Anthony is VentureBeat's assistant editor, as well as its reporter on enterprise technology, cloud computing, and tech policy. Before joining VentureBeat in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. You can also follow Anthony on Twitter.
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Web Dev Accelerated.
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Anthony Ha
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