附近上门

secured a $140 million Series B after it doubled its customer base last year, raising its valuation to $2.1 billion.

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The round was led by returning investors and , and included participation from new investor and all existing investors.

The San Francisco-based company allows users to build and design websites without coding. The company鈥攚ith customers ranging in size from freelancers and small agencies to large enterprises鈥攔eached 100,000 paying customers and more than 2 million users last year as more businesses made investments on the digital side during the COVID-19 pandemic.

鈥淭here was a huge rush of businesses鈥攖hat we mainly think of as physical鈥攖hat invested in聽 digital,鈥� said co-founder and CEO .

Moving past websites

Webflow will use the new proceeds for a variety of initiatives, including adding to the company鈥檚 200-plus employee base, looking at acquisitions and adding new features, Magdalin said. Webflow competes on some levels with companies such as and the open-source platform , he added.

However, the company also will look to expand its offerings beyond helping companies and organizations build websites and into applications, he added. Magdalin founded Webflow in 2013 with the vision of allowing consumers to use technology to build websites without needing to know complicated code, and applications are the next step, he said.

That vision helped attract Accel as an investor, said , a partner at the firm.

鈥淚n general, we can鈥檛 think of a bigger market than democratizing software development,鈥� he said.

The time was right to invest with the digital market taking off and with the company outperforming expectations since raising a $72 million Series A in August 2018, Mathew said. Webflow 鈥� which has now raised $215 million according to the company鈥攕till has yet to use that Series A money, as it was cash flow positive last year, he added.

Attracting interest

As its market has grown, Webflow already has attracted 鈥渢ons鈥� of acquisition interest from suitors, Magdalin said. However, an M&A exit could curtail the company鈥檚 overall vision of allowing everyone to develop application software, he said.

Instead, Magdalin said he looks at Webflow as remaining its own independent company. He pointed to e-commerce giant as an example of what can be accomplished when a company attempts to democratize a sector to some extent.

Shopify now has a $144.5 billion market cap.

Mathew said he is more concerned with the company continuing on its trajectory than an exit.

鈥淚f you do that you will have a ton of options,鈥� he said.

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