Webflow, a US-based developer of no-code application creation tools, received $120m in series C funding yesterday from investors including CapitalG, the growth equity arm of internet and technology conglomerate Alphabet.
Startup accelerator operator Y Combinator’s Continuity fund led the round, which included Accel, Silversmith and Draper Associates and which valued the company at $4bn.
Founded in 2012, Webflow provides a software platform that enables web developers to build and visualise designs on various formats including HTML, CSS, and JavaScript without coding. It also helps users drive online traffic to their content using search engine optimisation.
The company will use the funding to increase its presence in the enterprise technology space and give back to the community through a $10m grant initiative for developers who leverage its platform for their businesses.
CapitalG had already participated in Webflow’s $140m series B round, which was co-led by Accel and Silversmith Capital Partners in January 2021. The 2021 round was filled out by all its existing backers and closed at a $2.1bn valuation.
Accel had led a $72m series A round for the company in 2019 that included Draper Associates and fellow existing investors Silversmith Capital, Rainfall Capital and FundersClub, reportedly at a valuation between $350m and $400m.
Khosla Ventures, Draper Associates, Y Combinator and a host of private investors had already provided $1.5m in seed funding for Webflow in 2014 that was later incorporated into a $2.9m pre-series A round.
Image courtesy of Webflow Inc.