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After attracting 800K web developers, Netlify wins $53M in funding
Every month, about 8% of the world’s internet users visit at least one website powered by Netlify Inc., a San Francisco startup that today announced it has raised $53 million in funding to expand its reach to yet more parts of the web.
EQT Ventures led the round with participation from Andreessen Horowitz, Kleiner Perkins and Preston-Werner Ventures Holdings. It follows a $30 million investment in late 2018. That round saw Andreessen Horowitz and Kleiner Perkins participate as well, along with Slack Technologies Inc. founder Stewart Butterfield and Yelp Inc. founder Jeremy Stoppelman.
Netlify has built a cloud-based platform for automating web development projects. Traditionally, building a site required developers to set up production servers, a test server to validate code updates, a deployment pipeline for pushing those code updates to the website and a content delivery network. Netlify has rolled up all these features into a single platform that promises to speed up programmers’ workflow considerably.
One of Netlify’s banner features is that it directly integrates with code hosting services such as GitHub. Developers can connect the startup’s platform to the repository in which they host a project’s code files and, with a few commands, automatically turn those files into a functioning site.
Netlify started out in 2015 with a focus on relatively simple static websites but have since expanded its target market. The startup now has a user base of 800,000 developers along with a growing list of enterprise customers that includes the likes of Google LLC, Facebook Inc., Citrix Systems Inc. and Unilever PLC.
Netlify claims to have more than tripled revenue over the past 12 months thanks to a threefold jump in the number of paying customers using its platform.
The startup said it will use the new $53 million funding round to enhance both its enterprise and developer features. Additionally, Netlify plans on building deeper partnerships with web design agencies to help get its platform to more enterprises.
Photo: Unsplash
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