Today is a big day for Jimdo—we closed a €25 million ($28 million) minority investment round led by Spectrum Equity. Spectrum is an investor that specializes in profitable, growth-stage companies with sustainable business models—in other words, companies exactly like ours.
But just as you probably think about how to take your business, organization, or project to the next level, we’re thinking about this, too. A lot. Though we’re really proud of where we are right now, we share a deep feeling that we could be doing much, much more. It’s a feeling we get when we look at our team and know that we can take on the next challenge and climb the next mountain. To us, this was a sign it was time to start considering outside funding.
We’ve known Spectrum for four years now and we feel like we’ve met the right partner. Spectrum is excited about Jimdo; not just the product itself but the way we run our business. They know what they’re buying into—Jimdo’s product first, values-driven, and ambitious character. That’s exactly the type of business they’re looking for (and we’re pleased to announce that we are their first investment in Germany).
What’s more, they have a ton of experience helping companies like ours develop and grow, and we are especially impressed by how they do it.
There is a lot that the three of us are looking forward to in this new chapter. We can think bigger and do some of the things we’ve been wanting to do for years (in terms of our product and position in the market). And we also feel a renewed sense of momentum, energy, and fun as we come to work every day to see where we can take Jimdo next.
To our users, we want to thank you for your continued support. It’s made Jimdo the sustainable, values-driven company that it is today, and that it will remain in the future.
Here's to the next chapter!
Christian, Fridtjof, and Matthias
Co-founder at Jimdo
Matthias studied at the University of Kiel and the University of Gothenburg and then went into business with Fridtjof and Christian to start Jimdo. Matthias takes care of Jimdo's marketing. In his free time, you can find him hang gliding.