No-code website builder Framer reaches $2B valuation
No-code website builder Framer has achieved a $2 billion valuation following a successful $100 million Series D funding round, signaling continued investor confidence in the rapidly expanding no-code sector. This funding, spearheaded by existing investors Meritech and Atomico, demonstrates the increasing value placed on platforms that empower users to build websites without traditional coding skills, a trend with significant implications for the European tech landscape. Framer's platform boasts over half a million monthly active users, showcasing its growing popularity and the demand for accessible web design tools. The no-code approach allows a broader user base, including small businesses and individual creators, to establish an online presence. This expansion is likely to encourage competition and further innovation within the sector, potentially strengthening Europe's digital ecosystem. This investment underscores the broader impact of no-code platforms on digital transformation and the evolving tech industry. The rise of tools like Framer empowers individuals and businesses to bypass traditional developer bottlenecks. This trend can contribute to enhanced digital sovereignty for European businesses by reducing reliance on external developers and potentially facilitating the creation of locally-developed web applications.
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