Total amount raised
$61 Millions
Latest funding date
7/1/2023
Location
Framer has successfully raised significant funding through multiple rounds, including a Series C, with backing from prominent investors such as Meritech Capital Partners and Accel. The platform specializes in design software that enables users to create interactive prototypes for various applications.
Keep reading to delve into the details of Framer's fundraising journey and the key investors supporting this innovative design tool.
What Is Framer?
Framer, founded in 2013 by Jorn van Dijk and Koen Bok, is headquartered in Amsterdam, Noord-Holland, The Netherlands. The company specializes in developing design software that allows users to create interactive prototypes for various platforms, including iOS, Android, desktop, and web.
Framer's platform is particularly popular among designers for its ability to turn static mockups into dynamic, interactive prototypes. The software integrates seamlessly with other design tools and supports exporting to mobile devices, making it a versatile choice for modern design needs.
With a team of 101-250 employees, Framer continues to innovate in the design software space, offering features that cater to both individual designers and larger teams. The company's commitment to user-friendly design and powerful functionality has made it a go-to tool for professionals worldwide.
How Much Funding Has Framer Raised?
- Seed Round
- Amount Raised: $1.3M
- Date: March 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their design software.
- Series A
- Amount Raised: $7.7M
- Date: November 2017
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series B
- Amount Raised: $24M
- Date: November 2018
- Lead Investors: Atomico
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's reach and triple the team size.
- Series C
- Amount Raised: €25.5M (approximately $27M)
- Date: July 2023
- Lead Investors: Meritech Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale its no-code website builder and expand services.
Total Amount Raised: $60M
Current Valuation: Not publicly disclosed
Key Investors
- Meritech Capital Partners
- Details: Meritech Capital Partners is a venture capital firm that focuses on late-stage investments. They have a strong track record of backing successful technology companies.
- Investment Focus Areas: Technology, SaaS, Enterprise Software, Fintech, Healthcare IT
- Notable Investments: Facebook, Salesforce, Snowflake
- Accel
- Details: Accel is a global venture capital firm that invests in early and growth-stage technology companies. They have been instrumental in the growth of several high-profile startups.
- Investment Focus Areas: Technology, Internet, Consumer, Enterprise Software, Fintech
- Notable Investments: Facebook, Dropbox, Slack
- Atomico
- Details: Atomico is a venture capital firm founded by Skype co-founder Niklas Zennström. They invest in disruptive technology companies at various stages of growth.
- Investment Focus Areas: Technology, Consumer, Fintech, Healthtech, Mobility
- Notable Investments: Supercell, Klarna, Lilium
- AngelList
- Details: AngelList is a platform that connects startups with investors and job seekers. It is known for facilitating early-stage investments.
- Investment Focus Areas: Early-stage startups, Technology, Consumer
- Notable Investments: Uber, Thumbtack, Postmates
What's Next for Framer?
Framer's future looks promising with significant opportunities on the horizon. The company plans to expand its platform's reach, triple its team, and launch a private design store for teams on Framer X. These initiatives align with industry trends favoring interactive design tools and collaborative platforms, positioning Framer for substantial growth.
Given the recent $24 million Series B funding led by Atomico, Framer is well-poised for future fundraising opportunities. However, challenges such as competition from other design tools and maintaining company culture during rapid growth could pose hurdles. Despite these challenges, Framer's strategic plans and strong investor backing suggest a bright future ahead.
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