No-code Website Builder Framer Reaches $2b Valuation

Framer, a no-code website builder that claims complete half a cardinal monthly progressive users, has reached a $2 cardinal valuation aft raising a $100 cardinal Series D backing round led by existing investors Meritech and Atomico.

This double-unicorn milestone comes astatine a clip of hype for website builders  — including nonstop competitors for illustration Figma, Squarespace and Wix, arsenic good arsenic rising ‘vibe coding’ platforms specified arsenic Cursor and Lovable. 

In 2023, Framer raised a $27 cardinal Series C led by Meritech astatine an undisclosed valuation.

“With this funding, we’re doubling down connected endeavor maturation and AI, truthful immoderate institution tin confidently tally their full website connected Framer,” CEO and co-founder Koen Bok said.

Rather than fixed landing pages, Framer supports move websites that teams tin quickly update — without requiring developer support. More recently, nan institution has added analytics, and endeavor information features, pinch nan extremity of helping “companies tally their full .com,” Bok told TechCrunch.

Founded successful Amsterdam by Bok and Jorn van Dijk, who had sold their creation studio to Facebook in 2011, Framer describes itself arsenic “the website builder loved by designers,” pinch nan committedness that websites created pinch its devices will guidelines out.

The Dutch institution has besides been investing much heavy into its endeavor business. Since introducing business plans precocious past year, Framer reports that businesses person go nan mostly of its caller customers. These see companies for illustration Miro, Perplexity, and Scale AI — arsenic good arsenic 40% of Y Combinator’s astir caller batch. 

The increasing B2B business is already making an effect connected nan company’s bottommost line. According to a spokesperson, nan institution reached $50 cardinal successful yearly recurring gross this year, and intends to transverse nan $100 cardinal period adjacent year. “We’ve been break-even for nan past year,” Bok told TechCrunch.