And we’re grateful to each one of you members of our community. We’re nonetheless in the “Morse code” days of software creation in that the overwhelming majority of software program today continues to be created by writing code manually, and that’s an enormous barrier to entry to most people. At Accel, we fervently consider within the rise and empowerment of the fashionable developer. Atlassian, Sentry, Algolia, Checkr, Segment, Browserstack and Snyk are all initiating Accel investments rooted within the belief that developers sit on the heart of contemporary company building.
The last item I’ll say is I want I would have identified sooner the true value I would find in Webflow’s buyers. They have seen excellence across other founders and might provide teaching. They’re additionally so good at sample matching – after serving to many founders by way of their development journeys they’ll say, here’s what worked for this individual, or here is who you must speak to. If you discover the proper companion, you’ll find a way to increase your hand and say, I do not know this factor or I’m battling this factor.
Webflow ultimately landed $2.9M from a quantity of seed funds and angels, with Rainfall Ventures contributing more than half its seed spherical. However, the events of this past yr showed us how important it is to have more flexibility and optionality, and the way necessary it is to feel empowered to pursue huge bets even when they’re financially risky. In 2020, the uncertainty and volatility within the markets took us for a loop, and we ended up slowing down in several key methods — most notably our pace passwordstate complain silence after cyberattack of hiring — that was in the end pushed by the worry of operating out of cash. We didn’t have a working product, which meant we had zero customers, which sadly meant that we had zero revenue and 0 earnings for ourselves and our households. In fact, we have been just one month away from calling it quits and going back to our earlier jobs out of economic desperation. Read all about our Series A funding round, led by Accel, and what’s forward for Webflow.
This new funding helps us accelerate that pursuit and gives us what we’re calling “courage capital” — the cash and security buffer we have to courageously pursue our vision of remodeling how people build for the web, and doing in order rapidly as possible. Returning investors Accel and Silversmith led the round, which included participation from new investor CapitalG, and all current traders. This information comes on the heels of a 12 months of rapid growth and key milestones for Webflow, after the company reached more than a hundred,000 paying clients and over two million users worldwide. Webflow has raised $120 million in a sequence C spherical of funding, as theno-code internet improvement platform eyes a larger piece of the pie within the enterprise sector. Now, users can seek for partners by name, location, space of focus or specialization, and so forth., or for a corporation by name, by trade, by founder, etc.
The further funding may even allow the company to consider acquisitions to assist increase the value of the Webflow platform sooner. And after all we’re planning to speculate back in our neighborhood since you all played a big half in getting us right here. Tomorrow, we’ll be announcing a program to help more startups thrive and achieve success with Webflow. This program will give small organizations entry to Webflow and the instruments they want to scale and develop their businesses to the next degree. This is only the start of our investment in the no code community and I’m actually excited to share what else is coming when it’s ready. I also coded a large a half of Webflow myself in our early days, and I held on to the idea that I was an excellent engineer and my staff needed the help for means too long.