Webflow raises $140M, pushing its valuation to $2.1 billion
This morning Webflow, a software company that helps businesses build no-code websites, announced that it has raised a $140 million Series B. The round, led by returning investors Accel and Silversmith, comes after the startup raised $72 million in an August 2019 Series A.
The new funding values Webflow at more than $2.1 billion it said in a blog post that TechCrunch viewed before publication. CapitalG, an Alphabet venture capital group, joined the Series B as well, with its investor Laela Sturdy joining the startup’s board.
Webflow offers a software that helps customers build websites without the need to write code; the company also offers hosting and content-related capabilities.
Webflow becomes unicorn with $140M Series B round, $2 1B valuation - San Francisco Business Times
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Venture capital hits record high in US in 2020 despite pandemic Toggle share menu
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Venture capital hits record high in US in 2020 despite pandemic Venture capital backed companies in the United States raised nearly US$130 billion last year, setting a record despite the COVID-19 pandemic, figures from data firm CB Insight released on Friday show.
FILE PHOTO: Commuters walk through the Financial District during a snow storm in Lower Manhattan, New York, January 26, 2015. REUTERS/Elizabeth Shafiroff
08 Jan 2021 01:30PM (Updated:
08 Jan 2021 02:35PM) Share this content
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REUTERS: Venture capital backed companies in the United States raised nearly US$130 billion last year, setting a record despite the COVID-19 pandemic, figures from data firm CB Insight released on Friday show.
Venture capital hits record high in U.S. in 2020 despite pandemic Reuters 1/8/2021 By Jane Lanhee Lee
By Jane Lanhee Lee
(Reuters) - Venture capital backed companies in the United States raised nearly $130 billion last year, setting a record despite the COVID-19 pandemic, figures from data firm CB Insight released on Friday show.
While the investment total is up 14% from 2019, the number of deals is down 9% to 6,022. And so-called mega-rounds, deals that are $100 million or higher also hit a record amount and number with $63 billion raised in 318 deals. What we re seeing is a rich get richer phenomenon where successful, high momentum technology companies are vacuuming up most of the financing, CB Insights chief executive Anand Sanwal told Reuters by email.
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