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Moonfruit lands USD2.25m for website building tools

Web-building startup Moonfruit has raised USD2.25m in new funding from US investment bank Stephens to expand its sales and marketing team. The UK-based firm has developed DIY software which enables users with no knowledge of website building to develop simple sites. Moonfruit was founded in 1999 and claims its users have built more than 2.8m websites using its software. The company says it has been profitable for the last seven years.

Read More25 Aug 10