Berkeley-based Gatsby, which launched a platform last year to provide a suite of tools for website and app development, raised $28 million in a recent series B funding round, the company tells Forbes. Website-builder and e-commerce platform Wix reported 24% revenue growth for the first quarter of 2020 to $216 million after adding almost 7 million new subscriptions. “As an industry we’ve seen two years of digital transformation in the last two months,” says Shardul Shah, a partner at Index Ventures who led Gatsby’s funding round, echoing comments made by Microsoft CEO Satya Nadella this month. Founded in 2017, Gatsby was launched as an open-source platform where developers could use the product to build web apps. Last week, online analytics firm Amplitude announced it had reached a $1 billion valuation after raising $50 million.

Source: Forbes May 27, 2020 15:00 UTC