Next Big Thing

Noosphere Venture Partners Invested in Yola May 15, 2017 Yola

Noosphere Ventures, an international private asset management firm headquartered in California, USA, today announced it has invested in Yola, a leading company that provides website building and secure hosting services. Founded in 2007, Yola has won numerous awards, including the Industry Standard 100 Award and Webuser’s Gold Award in 2008. The investment by Noosphere Ventures will support growth through cash investment and the services of Noosphere Ventures substantial and established technology personnel and operational experience.

Trevor Harries-Jones, CEO of Yola, said “We are excited by this investment by Noosphere which will be used to hire additional resources to meet the opportunity in this exciting and high growth market. Today we already have over 12M users in over 175 countries; and we are relied on by blue chip partners including HP, Sage, Amex, Google and Ingram Micro to deliver website services for them and their partners. This funding will accelerate distribution across these platforms.”

Yola is an easy-to-use, cloud-based, SaaS website builder and hosting service that is changing the way small businesses create an online presence. In 2013, the company launched a white‑label product that provides Web Hosts, Telecoms, and other Enterprises with small business audiences an easy and effective way to offer website building services to their customers under their own brand. Further, in 2015, Ingram Micro, the world’s largest reseller, announced they had selected Yola to provide white‑label website services to its Odin Automation Customers. With multiple large-scale deals pending announcements on its reseller platforms, Yola’s white‑label Enterprise business is a catalyst for rapid growth and a strategic focus for Yola long-term.

Headquartered in San Francisco, Yola has employees located in the US, Ukraine, Canada, and South Africa. The platform is supported by an award-winning support team of just 20 staff.

Anastasia Bilous, Chief Strategy Officer of Yola, added: “Yola is a leading provider in a large pool of competitive products that offer consumers an easy and affordable way to build an online presence. This investment will preserve and grow that position. Technical office in Ukraine will work on the key product development tasks and will play a critical role in Yola’s future growth.”

Max Polyakov, Managing Partner of Noosphere Ventures, said, “We are very excited to be able to support a company with such a long history. Together, with the assistance of the world-class managers we’ve assembled, we’re optimistic we’ll be able to grow Yola’s market share. I see the synergy between Yola and Noosphere as a win-win. We’ll bring our experience of opening the tech offices in Eastern Europe and huge marketing expertise while Yola’s product is one of the best among the existing products in that niche.”

Noosphere Ventures (http://noosphereventures.com) is an international asset management firm, with the strategic vision and capital to transform high-potential companies into definitive market leaders. Founded in 2012, the company aims to change the landscape of the current digital economy by growing its portfolio of highly profitable companies. Currently it has in its portfolio such famous brands as Together Networks, Thync, and EOS.