Wix has emerged as one of the quickly emerging online publishing platform companies that provides free webpage builders to subscribers, allowing these people to easily produce remarkable flash-based website pages using easy-to-use design templates and a drag-and-drop editing tools. Since its inception in the year 2006 more than fourteen million sites were developed using the Wix platform. Jeff Horing and Insight Venture Partners headed a Series D round financing that raised more than forty million dollars capital for Wix. Jeff Horing is Managing Director at Insight and as an institutional capitalist also sits in on the Board of Directors at Wix. This new inflow of investment funds from Jeff Horing and Insight Venture Partners will be used by Wix for its new social media and mobile projects. Customers can get extra features by availing of the freemium model, the facility where Wix gains profits.