The Hustle

Webflow raises $140m to write no-code code

Webflow gives businesses tools to build no-code websites. It just raised $140m.


January 15, 2021

Here’s a tongue twister: Companies that code no-code code for non-coders are trending.

Webflow — a software startup that gives businesses tools to build no-code websites — announced it raised $140m, the latest in a series of massive funding rounds for companies in the space.

In a news release, CEO Vlad Magdalin said that after a failed Kickstarter and rejection from Y Combinator, Webflow now has 2m users and over 100k customers across 190 countries.

He described the funding as “courage capital”… 

… or capital that will invest in areas that won’t benefit short-term revenue, such as enterprise products, support, and recruiting.

Now valued at $2B+, Webflow doubled its customer base in 2020 and ended the year cash-flow positive.

Per TechCrunch, Webflow’s plan is to shift focus toward growing its enterprise customer base, which currently accounts for just 5% of business. Magdalin expects to grow this by a “factor of 10” in 2021.

Webflow is moving fast because competition is fierce

Webflow is hardly the only no-code company to receive massive funding in recent months:

These impressive numbers show that if one thing’s for sure, it’s that the next generation of leading websites, apps, and digital tools could likely be built free of code.

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