Webflow Closes $140 Million Funding Round Led by Accel and Silversmith
Series B round also includes new investor CapitalG and will accelerate Webflow’s vision to democratize software creation
Webflow, provider of the industry-leading way to design, build, and launch powerful websites visually without coding announced that it has closed a $140 million Series B round of funding. Returning investors Accel and Silversmith led the round, which included participation from new investor CapitalG, and all existing investors. This news comes on the heels of a year of rapid growth and key milestones for Webflow, after the company reached more than 100,000 paying customers and over two million users worldwide.
Webflow helps people and companies of all sizes — from small design agencies to enterprises — build for the web. The company’s unique no code platform provides the building blocks for everything from functionality-rich marketing websites, to e-commerce storefronts, and soon entire web applications. This year alone, using Webflow, designers and coders alike were able to save themselves from writing over 3 billion lines of code, freeing up time for more meaningful projects.
“This year has been filled with uncertainty and many new challenges, but we are incredibly grateful for the resilience and strength of our team and our community, who have helped us continue to grow rapidly even with all the unpredictability of 2020,” said Vlad Magdalin, co-founder and CEO of Webflow. “We believe everyone should have the opportunity to build and create software – not just coders as is mostly the case today – and we look forward to enabling vastly more people and companies to build for the web with Webflow.”
This latest round of funding will be used to accelerate innovation, fuel product development and continue to hire the best talent. In addition, the round immediately follows the launch of Webflow Enterprise, Webflow’s enterprise-grade solution offering heightened security and other features to help serve larger customers like Allianz, Dell, Rakuten, Upwork, and more. Some of the funds will help Webflow continue expansion into this market as the company expands beyond website development and into more powerful web applications.
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“Webflow is truly broadening the power of the web, making it a more inclusive place by giving those who previously needed to learn how to code the tools to build their dreams,” said Arun Mathew, partner at Accel. “This year especially, the web has become even more integral to business and daily life, and Webflow has helped thousands of businesses expand their presence online. Webflow’s dramatic growth inflection and profitability this year gave us the confidence to lead another round into the company. We see Webflow as the future for so many who have great ideas and just need a platform to bring them to life.”
“Webflow is at the forefront of the no-code revolution that is sweeping the tech industry, bridging the IT talent gap and empowering companies to keep up with today’s fast-paced business world,” said Laela Sturdy, general partner at CapitalG, who is joining Webflow’s board with this round. “Webflow’s future is exceedingly bright, as demonstrated by their ongoing expansion into companies of all sizes. We’re thrilled to be supporting them in their journey.”