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Framer Raises $100 Million Series D at $2 Billion Valuation

The Amsterdam startup will channel the cash into enterprise sales plus AI to push past $100 million in ARR next year.

Overview

  • Meritech and Atomico led the round as existing backers, marking Framer’s first raise since a $27 million Series C in 2023.
  • Framer reports roughly 500,000 monthly active users and says hundreds of thousands of websites run on its platform.
  • The company reached about $50 million in annual recurring revenue this year and says it has operated at break-even for the past year.
  • Since launching business plans late last year, enterprises account for most new customers, including Miro, Perplexity, Scale AI, and 40% of Y Combinator’s latest batch.
  • The platform targets professional, high-traffic sites with features such as a built-in CMS, A/B testing, analytics, enterprise security, and live collaboration in a field that includes Squarespace, Wix, Figma, Cursor, and Lovable.