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Yesterday we learned from TechCrunch that Polish UX design tools startup UXPin has raised $1,6 million funding from Freestyle Capital as well as Andreessen Horowitz and IDG Ventures.
Backed by Cracow-based Innovation Nest, UXPin announced initial investors of the current round Andreessen Horowitz and IDG Ventures in October 2013 which put in $700K into the company. UXPin allows web designers simplify design workflow by allowing to store and share design files, build wireframes and website prototypes as well as to collaborate in real time.
As reported by TechCrunch, UXPin generates $540K per year and at the end of 2013 the company reported growing 950 percent year on year.
There is no surprise then that this year investors have slowly shifted their focus from all sorts of B2C business models to the SaaS B2B ones. Too bad for local Polish investors then that one of the most interesting local startups had to go to the Valley to get funded.
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