Netlify, a San Francisco, CA-based way to build, deploy, and scale modern web applications, raised $105m in Series D funding, valuing the company at $2 billion.
The round was led by Bessemer Venture Partners led the round, with participation from the company’s existing investors Andreessen Horowitz, BOND, EQT Ventures, Kleiner Perkins, Mango Capital and Menlo Ventures. In conjunction with the funding, Mary D’Onofrio of Bessemer Venture Partners will join Netlify’s Board of Directors. Martin Casado, general partner at Andreessen Horowitz, will take over Peter Levine’s board seat, while Levine remains a close advisor to the company. Elena Verna, product growth leader, will also join Netlify’s Board, with Ohad Eder-Pressman stepping into an observer role.
The company intends to use the funds to hire talent with a constant focus on diversity, equity and inclusion and accelerate the development of its stack.
Led by Matt Biilmann, CEO and co-founder, Netlify provides a platform to build, deploy and scale modern web applications, which integrates with tools and collaborate with their team to deliver the best online experiences, faster.
Netlify acquired OneGraph, a GraphQL platform that simplifies the integration and management of APIs and services that web apps currently use and launched Jamstack Innovation Fund with the goal to invest $10m in early-stage companies and $1m in open source projects to accelerate innovation in modern web technologies.
FinSMEs
18/11/2021