Takeaways by Saasverse AI
- Framer | Series D | $100 Million | No-Code Website Development.
- Led by Meritech Capital Partners and Atomico, with continued support from existing investors.
- Valuation reaches $2 billion, ARR projected to surpass $100 million by next year, with over 500,000 monthly active users.
Amsterdam-based no-code website development platform, Framer, has successfully closed a $100 million Series D funding round, boosting its valuation to an impressive $2 billion. The round was co-led by existing investors Meritech Capital Partners and Atomico, underscoring their continued confidence in Framer's vision to democratize website creation. Founded in 2015 by Koen Bok and Jorn van Dijk, Framer empowers teams to design and launch professional-grade websites without the need for coding expertise. The platform is already trusted by leading companies such as Scale AI, Perplexity, Miro, and Bilt.
Framer has built significant momentum over the years, with over 500,000 monthly active users leveraging its platform. The company’s annual recurring revenue (ARR) is set to break the $100 million mark in the coming year, highlighting its growing dominance in the no-code development market. This latest funding round adds to a robust history of capital raises, including a $7.7 million Series A led by Accel in 2017, a $24 million Series B spearheaded by Atomico in 2018, and a $27 million Series C in 2023 led by Meritech Capital. These rounds reflect sustained investor interest in the burgeoning no-code sector.
The freshly secured capital will be deployed towards scaling operations, accelerating product innovation, and enhancing AI-driven features. Framer's strategic goal is to enable businesses to fully operate their websites using its platform, further reducing the reliance on traditional development cycles.
“ Framer’s rise underscores the accelerating adoption of no-code platforms as businesses seek efficiency and agility in their digital transformation efforts. “This funding milestone signals not just Framer’s success but also the overall maturation of the no-code ecosystem,” notes a Saasverse analyst. With its focus on delivering intuitive yet powerful tools, Framer is well-positioned to capture a larger share of an industry expected to reach $68 billion by 2027. ” Saasverse Analyst comments.
Saasverse Insights
The convergence of no-code development and AI is a game-changer for businesses, enabling hyper-efficient workflows and reducing barriers to digital innovation. Framer’s investment in AI capabilities aligns with broader trends in the SaaS landscape, where automation and machine learning are reshaping how platforms deliver value. However, the competitive pressure in the no-code space, with players like Webflow and Bubble, will demand that Framer continues to innovate to maintain its market edge. Investors and industry watchers should keep an eye on Framer as it sets its sights on redefining website management for the enterprise sector.