Webflow Secures $140 Million in Series B Round of Financing

This new round of funding will be utilized to fuel innovation, fuel product development as well as continue to hire the best talent.

FREMONT, CA: Webflow, provider of the industry-leading way to design, build, and launch powerful websites visually — without coding — has declared that it has closed a $140 million Series B round of funding. Returning investors Silversmith and Accel led the round, which included active participation from new investor CapitalG, and all existing investors. This news comes on after the rapid growth and key milestones for Webflow, after the company reached over 100,000 paying customers and over two million users worldwide.

Webflow helps people as well as companies of all sizes — from small design agencies to enterprises — build for the web. The company's unique no-code platform offers the building blocks for everything from functionality-rich marketing websites, to e-commerce storefronts, as well as soon entire web applications. This year alone, utilizing Webflow, coders and designers alike were able to save themselves from writing more than 3 billion lines of code, freeing up time for more meaningful projects.

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"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," stated 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 new round of funding will be utilized to fuel innovation, fuel product development as well as continue to hire the best talent. In addition, the round immediately follows the introduction of Webflow Enterprise, Webflow's enterprise-grade solution offering heightened security and also other features to help serve larger customers like Dell, Rakuten, Allianz, Upwork, and more. Some of the funds will allow Webflow to continue expansion into this market as the company expands beyond website development and into more powerful web applications.

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