Figma Competitor Framer Raises $100M At $2B Valuation

Website design platform Framer announced a $100 million Series D that values it at $2 billion.

The round was led by existing investors Meritech Capital Partners and Atomico.

Amsterdam- and San Francisco-based Framer says it’s on pace to hit $100 million in ARR next year and that 40% of the latest Y Combinator batch uses its software. Other major customers include Scale AI, Perplexity, Miro and Bilt Rewards.

Framer was founded in 2015 in Amsterdam and has since raised $161 million, per Crunchbase. Founders Koen Bok and Jorn van Dijk sold their previous company, Sofa, to Facebook in 2011.

Framer’s latest funding comes as shares of competitor Figma have fallen about 40% since that company’s blockbuster IPO earlier this month.

Framer said its platform differs from traditional visual website design tools like Squarespace in that its software also includes tools for businesses such as A/B testing, analytics and enterprise-level security.

“Framer is changing the way the best companies bring their ideas online,” Bok, Framer CEO, said in a statement. “Designers and marketers can now ship production-ready sites in days, not months — without waiting on a front-end team. That means better-looking, higher performing pages built right where the brand lives.”

Startups related to web design, web development and developer tools have raised $5.4 billion from venture investors so far this year, Crunchbase data shows. That compares with $6.4 billion in all of 2024 and $4.3 billion in 2023. Other notable venture funding recipients in the broader category in recent years include Anysphere, Chainguard, Replit, Lovable and Poolside.

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Illustration: Dom Guzman