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DevHub.com Secures $1.5 Million In Capital

November 24th, 2009 Comments off

The EVO Media Group — the Seattle-based company behind DevHub.com, a popular website builder and hosting platform — has closed a round of growth capital totaling $1.5 million.

DevHub.com was launched in February 2009 and has since grown to include over 30,000 publishers whose websites are drawing in over 2 million unique visitors per month. These publishers utilize DevHub’s many site creation tools and revenue-generating modules to easily create quality niche-focused topical sites.

Unlike other site building tools such as WordPress, the DevHub platform is optimized for publishers who want to create commercial sites that are intended for revenue-generating purposes.

“In addition to aggressively growing the feature set to support and grow our individual publisher base, the capital raised will enable us to quickly expand the DevHub platform to encompass larger, content-rich sites on the Web that sorely need a revenue-focused platform to build upon,” says EVO Media Group CEO, Geoffrey Nuval, “The Internet is realizing it can no longer stand on a freeconomy and publishers large and small are looking for ways to optimize monetization for the content and brands they create; we are seeing this more and more with the increasing number of potential partners approaching us for a solution.”

The money came in from an undisclosed private equity group as well as top Seattle and Los Angeles technology and media angels including Geoff Entress of Voyager Capital, John Cunningham of Clearfix, Alex Algard of WhitePages.com, Jeff Schrock of Intel Capital, and Richard Wolpert, former President of Disney Online.

[via EVO Media Group]

(c) 2009 DomainNameNews.com

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