No-code development platform Webflow looks to venture with $120 million fundraiser
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Webflow has raised $120 million in a Series C funding round as the codeless web development platform sees a bigger slice of the enterprise pie.
Founded in 2012, Webflow in its original guise was more focused on low-featured websites, but is now used by larger companies such as Dell, Zendesk, and Rakuten to remove much of the manual work from the development process.
Just as companies have moved to cloud infrastructure to relieve themselves of the burden associated with managing their own data centers, companies are increasingly looking for new ways to make other aspects of their operations more efficient – and that includes democratizing the development process through visual aids.
“By dramatically simplifying website creation, Webflow has enabled hundreds of thousands of individuals and businesses to build complex, beautifully designed websites,” explains Ali Rowghani, director of Y Combinator’s Continuity Fund, which led Webflow’s latest round. .
Webflow customization
Enterprising
Webflow also revealed today that its enterprise product, which includes additional features such as advanced security, custom traffic scaling, and guaranteed uptime, has grown 600% over the past year and is now used by companies such as PwC, Univision and Discord.
With another $120 million in the bank, Webflow said it plans to continue down the entrepreneurial path, also investing “in its core community.”
“This funding will help us accelerate our work on our mission to empower millions of people to create for the web,” Webflow co-founder and CEO Vlad Magdalin said in a statement.
A quick look at the software development landscape shows that the no-code/low-code movement shows little sign of slowing down. There is now a wealth of platforms designed to help everyone in a company build functional websites or robust in-house business apps – startups like Stacker, Budibase and Softr show that, as do more established players like Appian, Google’s AppSheet. and Amazon’s Honeycode.
For now, Webflow had raised about $215 million, and with the latest cash injection, the San Francisco-based company’s valuation has jumped to $4 billion — nearly double its valuation from last year.
Other notable backers in Webflow’s Series C round include CapitalG, Accel, Draper Associates, and Alphabet’s Silversmith.
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This post No-code development platform Webflow looks to venture with $120 million fundraiser
was original published at “https://venturebeat.com/2022/03/16/no-code-development-platform-webflow-eyes-the-enterprise-with-120m-fundraise/”
