Web page builder and hosting service Homestead has raised $5.4 million in a fifth round of funding led by Institutional Venture Partners, Meritech Capital, Draper Fisher Jurvetson and other previous investors.
The Menlo Park, Calif.-based company, which a year ago began charging fees for its Web site building software and services, said the money will be used for marketing and product development. The company has now raised a total of $72.9 million.
Founded in 1997, Homestead helps people build Web sites through two main products, Homestead Silver and Homestead Gold. The two products generally cost between $6 and $20 a month and target small businesses, nonprofits and clubs, in addition to individuals.