WebsiteBox Receives BDC Financing to Accelerate Growth

TORONTO, March 1, 2017 -- WebsiteBox, a platform that empowers real estate professionals build their unique brands through delivering extraordinary online experiences for their customers, today announced new debt financing from BDC Capital – a wholly-owned subsidiary of Business Development Bank of Canada (BDC). WebsiteBox' award-winning "do-it-yourself" personalized website offering with fully integrated marketing automation capabilities and MLS (IDX) listing data have received tremendous market acceptance since its inception, growing to a total active user base of more than 25,000. The funds will be used to further accelerate WebsiteBox' revenue growth and solution offering.

"WebsiteBox is a great example of a successful, high-growth technology firm fueled by talented and committed entrepreneurs," said Enes Kula of BDC Capital. "After four successful years in operation, we believe WebsiteBox is at an inflection point having created a robust technology infrastructure as well as strong alliances with hundreds of regional MLS associations, covering more than 80% of real estate population in North America. We are excited to support WebsiteBox' growth and look forward to participating in its ongoing success."

"We have built the next generation marketing platform for real estate professionals at an extremely competitive price point," stated Peyman Aleagha, founder and CEO of WebsiteBox. "Our primary objective is to remove all the pain and cost associated with launching and managing a mobile-friendly website with digital marketing capabilities. A new agent can have a personalized website in less than 10 minutes and WebsiteBox will look after the rest including cloud hosting for life, backup to MLS data integration, analytics and live support – all for a one-time fee of $99. We are excited to continue our journey and look forward to a long and successful partnership with BDC Capital."

For more information, please visit websitebox.com.

About WebsiteBox:

Launched in January 2013, WebsiteBox is a Toronto-based technology company offering feature-rich, mobile-friendly real estate websites fully integrated with marketing automation capabilities and MLS listing data integration - exclusively build for real estate professionals - for a market leading price of $99. Less than six months after launching as a real estate technology startup, WebsiteBox™ was named to HousingWire Magazine's inaugural RETech:50 list of top real estate technology firms, and has been nominated for the prestigious Inman Innovator Award.

About BDC Capital:

With more than $2 billion under management, BDC Capital is the investment arm of BDC, serving as a strategic partner to Canada's most innovative and high potential firms. It offers a range of equity, venture capital and flexible growth and transition capital solutions to help Canadian entrepreneurs scale their businesses into global champions. To find out more, visit bdc.ca/capital.