The CEE startup scene may be growing quickly, yet still, many entrepreneurs look toward the U.S. for opportunities to expand. In November, inventures.eu found out that a number of Slovak startups feel the need to think beyond what the Slovak market has to offer in order to attract investors. A recent case only seems to reiterate this notion.
The web-hosting and domain registration platform GoDaddy has announced the acquisition of European startup M.dot, founded by Czech Pavel Serbajlo and Slovak Dominik Balogh in June 2012. The company has developed an app that allows users to create mobile websites directly from their iPhone. The acquisition is reportedly part of GoDaddy’s strategy to expand their offering beyond domain registration and hosting. With M.dot now onboard, users can manage their business from any place at any time only with the use of their phone.
The financial details around the deal were not disclosed, however, TechCrunch cites a range between 5 million and 25 million dollars. M.dot has previously received funding from U.S.-based Archimedes Labs, Floodgate and SV Angel, among others.
M.dot will reportedly be operating from GoDaddy’s office in Silicon Valley.