No-code website builder Framer just crossed into double-unicorn territory, hitting a $2 billion valuation after closing a $100 million Series D round led by existing investors Meritech and Atomico. The Amsterdam-based company claims over 500,000 monthly active users and $50 million in annual recurring revenue, positioning itself as a serious enterprise challenger to incumbents like Figma and Squarespace in the increasingly crowded no-code space.
Framer just served notice that the no-code revolution is entering its enterprise phase. The Amsterdam-based website builder closed a massive $100 million Series D funding round that catapults its valuation to $2 billion, marking one of Europe's biggest funding rounds this year and signaling serious venture appetite for no-code platforms targeting businesses rather than just designers.
The round, led by existing investors Meritech and Atomico, represents a dramatic leap from Framer's previous 2023 Series C of $27 million at an undisclosed valuation. The timing couldn't be better for the company, which has quietly been building momentum while competitors like Figma face regulatory scrutiny and newer players like Cursor and Lovable generate buzz in the 'vibe coding' space.
"With this funding, we're doubling down on enterprise growth and AI, so any company can confidently run their entire website on Framer," CEO and co-founder Koen Bok told TechCrunch. That enterprise focus is already showing results - since introducing business plans late last year, Framer reports that businesses have become the majority of its new customers, a dramatic shift from its designer-focused origins.
The customer roster reads like a who's who of high-growth startups: Miro, Perplexity, and Scale AI have all adopted Framer, along with an impressive 40% of Y Combinator's most recent batch. That YC penetration rate suggests Framer has cracked the code on early-stage startup adoption, traditionally a strong leading indicator for broader enterprise success.
Behind the scenes, the financials are equally compelling. According to company spokesperson, Framer hit $50 million in annual recurring revenue this year and is targeting the $100 million threshold by 2026. Perhaps more impressively in today's efficiency-focused venture climate, "We've been break-even for the past year," Bok revealed to TechCrunch.
Framer's trajectory reflects a broader maturation in the no-code space. Founded by Bok and Jorn van Dijk - who previously - the company initially positioned itself as "the website builder loved by designers." But the real growth has come from expanding beyond static landing pages to support dynamic websites that teams can update without developer support, complete with analytics and enterprise security features.
