Framer No-Code Builder Hits $2 Billion Valuation Milestone
▼ Summary
– Framer has reached a $2 billion valuation after raising a $100 million Series D funding round led by existing investors Meritech and Atomico.
– The company focuses on dynamic websites that teams can update without developer support and has recently added analytics and enterprise security features.
– Framer aims to use the funding to double down on enterprise growth and AI, enabling companies to run their entire website on the platform.
– The company reports that businesses now make up the majority of its new customers, including Miro, Perplexity, Scale AI, and 40% of Y Combinator’s recent batch.
– Framer achieved $50 million in annual recurring revenue this year and aims to cross $100 million next year, having been break-even for the past year.
Framer, a leading no-code website building platform, has achieved a $2 billion valuation following a successful $100 million Series D funding round. This significant milestone underscores the platform’s rapid growth and increasing influence in the competitive web development space. The investment was led by existing backers Meritech and Atomico, reinforcing confidence in Framer’s vision and market strategy.
This double-unicorn status arrives amid heightened interest in no-code and low-code solutions, with platforms like Figma, Squarespace, and Wix also expanding their offerings. Framer distinguishes itself by enabling teams to create and manage dynamic websites without relying on developers, a feature that has resonated strongly with its user base of over half a million monthly active users.
In a recent statement, CEO and co-founder Koen Bok emphasized that the new capital will accelerate efforts in enterprise growth and AI integration. The goal is to allow companies of all sizes to host their entire web presence on Framer confidently. Beyond simple landing pages, the platform now supports advanced features including analytics and enterprise-grade security, aligning with its ambition to become a comprehensive website solution.
Founded in Amsterdam by Bok and Jorn van Dijk, previously known for selling their design studio to Facebook, Framer has built a reputation as a tool beloved by designers for its emphasis on aesthetics and functionality. The company has recently shifted focus toward business clients, introducing dedicated enterprise plans that have quickly attracted major organizations. Notable customers now include Miro, Perplexity, Scale AI, and 40% of the latest Y Combinator cohort.
The strategic pivot to B2B is already yielding financial results. A company spokesperson confirmed that Framer reached $50 million in annual recurring revenue this year, with a target to surpass $100 million in the near future. Bok also revealed that the company has been operating at break-even over the past year, signaling efficient growth and sustainable business practices.
This funding round marks a notable step up from Framer’s previous raise, a $27 million Series C in 2023 led by Meritech, though the valuation at that time remained undisclosed. The latest injection of capital will likely fuel further innovation and market expansion, solidifying Framer’s position as a key player in the no-code movement.
(Source: TechCrunch)
