Framer, a Dutch company specializing in tools for automating web design, has secured a $100 million funding round that values the startup at $2 billion.
The investment was led by existing backers Meritech Capital Partners and Atomico, according to a statement released Thursday.
The massive capital infusion positions it to take on its largest rival, Figma, which also uses a community-based model to create websites and design. It went public in 2023 and debuted on the New York Stock Exchange this summer and now holds a lofty market cap of $37.68 billion.
No-code websites teach users to create websites and apps without extensive programming knowledge. As the no-code and AI-driven design sector heats up, Framer’s rapid valuation jump underscores investor enthusiasm for platforms that simplify web development using generative AI, making it a key player to watch as the industry continues to evolve.
Framer claims a user base of 500,000 active monthly users, most of whom are startups. The company aims to attract larger enterprise clients as it scales. The last funding round in 2023 was a $27 million raise, though the valuation at that time was not disclosed.
“Close to half of the latest Y Combinator batch launched with Framer, alongside global brands like Perplexity, Scale AI, Huel, Miro, Zapier, and Mixpanel,” Framer said in their statement. “Today, hundreds of thousands of sites run on Framer, with more than half a million people using the platform each month.”
Are growth-stage startups hot again?
Venture capitalists see significant potential in AI-powered tools that enable rapid website creation and design, especially following the September 2023 IPO of Figma, which soared 250% on debut and has become a benchmark for the sector. It has since seen a rollercoaster ride for its share price.
“Fast-growing software IPOs have been extremely rare during the past three years, so deals like this tend to get a lot of attention,” said Matt Kennedy, senior strategist at Renaissance Capital, a provider of IPO-focused research and ETFs, said after Figma’s IPO. “Because of this three-year bottleneck, tech IPO investors have been starved for new deals.”
That appetite has only grown. Venture capital firms invested approximately $162.8 billion across various deals in the first six months of 2025, according to data from PitchBook.
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