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Framer Raises $100 Million at $2 Billion Valuation to Accelerate Enterprise, AI Push

The company says the fresh capital will speed its move upmarket, with AI features aimed at $100 million in recurring revenue.

Overview

  • The Series D was led by existing backers Meritech Capital Partners and Atomico, valuing the no-code website platform at $2 billion.
  • Framer reports roughly half a million monthly active users and cites customers such as Scale AI, Perplexity, Miro and Bilt, with 40% of the latest Y Combinator batch launching on its tooling.
  • The company says it reached about $50 million in ARR this year, has operated at break-even for the past year, and targets crossing $100 million in ARR next year.
  • Positioning itself for professional, high-traffic sites, Framer offers a built-in CMS, analytics, A/B testing and enterprise-grade security to reduce reliance on front-end developers.
  • The financing lands during a rebound in late-stage venture deals, as coverage points to heightened investor interest in web design and developer tools and a competitive field that includes Figma, Squarespace and Wix.