No-code website builder Framer reaches $2B valuation

Framer, a leading no-code website creation platform, has achieved a remarkable $2 billion valuation following a successful $100 million Series D funding round. This round was spearheaded by notable investors Meritech and Atomico, propelling Framer into the elite club of double-unicorns. Claiming over 500,000 active users each month, Framer's growth coincides with a surge in interest for website builders, competing against industry giants like Figma, Squarespace, and Wix, as well as innovative platforms like Cursor and Lovable that focus on 'vibe coding.' Earlier this year, Framer secured $27 million in a Series C funding round led by Meritech, although the valuation from that round was kept confidential. CEO and co-founder Koen Bok expressed excitement about the new funding, emphasizing Framer's commitment to expanding its enterprise offerings and integrating artificial intelligence. "With this funding, we’re doubling down on enterprise growth and AI, so any company can confidently run their entire website on Framer," he stated. Unlike traditional static landing pages, Framer specializes in dynamic websites that teams can effortlessly update without needing developer assistance. Recent enhancements include advanced analytics and enterprise-grade security features, all aimed at enabling businesses to manage their online presence comprehensively, according to Bok. Founded in Amsterdam by Bok and Jorn van Dijk, who previously sold their design studio to Facebook, Framer is marketed as the “website builder loved by designers.” The company aims to help users create standout websites using its tools. Recently, Framer has significantly increased its focus on the enterprise segment. Since launching business plans late last year, the platform has seen a majority of its new customers come from businesses, including notable names like Miro, Perplexity, and Scale AI, as well as 40% of the latest Y Combinator cohort. This shift towards a B2B model is already benefiting Framer's financial performance. The company reported achieving $50 million in annual recurring revenue this year and is targeting to surpass $100 million in the next year. "We’ve been break-even for the past year," Bok revealed, showcasing the company's robust financial health.