Framer, a no-code website builder with over half a million monthly active users, has reached a two billion dollar valuation. This milestone follows a one hundred million dollar Series D funding round led by existing investors Meritech and Atomico.
This double-unicorn status arrives during a period of significant hype for website builders. The space includes direct competitors like Figma, Squarespace, and Wix, as well as emerging ‘vibe coding’ platforms such as Cursor and Lovable. Previously, in 2023, Framer raised a twenty-seven million dollar Series C led by Meritech at an undisclosed valuation.
CEO and co-founder Koen Bok stated that with this new funding, the company will double down on enterprise growth and artificial intelligence. The goal is to enable any company to confidently run its entire website on Framer.
Rather than focusing on static landing pages, Framer supports dynamic websites that teams can update quickly without requiring developer support. The company has more recently added analytics and enterprise security features to help companies run their entire main website.
Framer was founded in Amsterdam by Koen Bok and Jorn van Dijk, who had sold their design studio to Facebook in 2011. The company describes itself as the website builder loved by designers, with the promise that websites created with its tools will stand out.
The Dutch company has been investing more heavily in its enterprise business. Since introducing business plans late last year, businesses have become the majority of its new customers. These include companies like Miro, Perplexity, and Scale AI, as well as forty percent of Y Combinator’s most recent batch.
This growing B2B business is already impacting the company’s bottom line. According to a spokesperson, the company reached fifty million dollars in annual recurring revenue this year and aims to cross the one hundred million dollar threshold next year. The company has been break-even for the past year.