Netlify announced it has raised $53 million in Series C funding to accelerate the development and adoption of its web development platform based on git workflows and the modern JAMstack web architecture it pioneered.
The Series C funding round is led by the EQT Ventures Fund . Existing investors Andreessen Horowitz and Kleiner Perkins, as well as Preston-Werner Ventures participated in the funding round Till now, Netlify has raised $97 million. Past investors include the founders of Figma, GitHub, Heroku, Slack and Yelp.
Mathias Biilmann, co-founder and CEO, Netlify, said, “We started Netlify with the mission to empower developers and change the way the web is built. The growing number of developers signing onto Netlify daily and the latest investment in our business has validated that vision. With this funding we’re full-speed ahead delivering new features, investing in our enterprise-grade infrastructure and growing our team, to help more developers and businesses take advantage of the JAMstack.”
Laura Yao, deal partner and investment advisor at EQT Ventures, said, “Netlify and the JAMstack are fundamentally changing how websites and web applications are built. The large and growing community of developers building on the JAMstack is testament to the movement that Matt and Chris and the team are spearheading, and to the unified platform they’ve built. With the company more than tripling its revenue in the last year, the EQT Ventures team is happy that Motherbrain got Netlify on our radar, and we’re excited to support the company as it continues to scale globally.”
Maciej Malesa, chief technology officer, LiveChat, said, “Moving all of LiveChat websites to Netlify has empowered our Web Dev Team to iterate fast and independently. Additionally, SysOps can now keep focus on LiveChat’s core services.”
Jonathan Bobo, chief technology officer, Proximity BBDO, said, “Our clients need to keep up with the demand for more instant and dynamic web content. As a top global digital organization our clients trust us to help them embrace the powerful web architectures of tomorrow, which is why we collaborate with modern web experts like Netlify. We are already benefiting from the productivity gained thanks to building on Netlify. Our clients are loving the performance of their JAMstack sites on Netlify.”
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.