Webflow, a US-based provider of no-code application development software, received $140m in series B funding yesterday from investors including CapitalG, the growth equity subsidiary of internet and technology group Alphabet.
Venture capital firm Accel and growth equity firm Silversmith Capital Partners co-led the round, which Webflow said also featured all its existing investors.
The company raised the money at a valuation exceeding $2.1bn and Laela Sturdy, a general partner at CapitalG, is joining its board of directors.
Founded in 2012, Webflow has built a software platform that allows developers to create, launch and manage apps without needing to code. It also offers a range of courses and videos showing users how to get the most out of its product.
Webflow co-founder and CEO Vlad Magdalin said in a blog post: “A big part of moving faster means bringing on the right people (we are hiring by the way), which will enable us to invest more into product development, scalability, performance, security, accessibility, customer support and so much more.
“This year we were proud to launch Webflow Enterprise to help enterprises enable their design and marketing teams, but we are already hard at work on making Webflow even better for organisations of all sizes and evolving our platform to build not just websites but web applications as well.”
Khosla Ventures, Draper Associates, Y Combinator and assorted angel investors supplied $1.5m in seed capital for the company in 2014, part of $2.9m in pre-series A funding it had raised.
Accel led Webflow’s $72m series A round in August 2019, investing with Draper Associates and fellow existing backers Silversmith Capital, Rainfall Capital and FundersClub at a valuation a source told Forbes was between $350m and $400m.
