Netlify Raises $53 Million In Series C Funding To Fuel Enterprise Growth

Netlify Raises $53 Million In Series C Funding To Fuel Enterprise Growth

by NeoTech Post

Netlify, which offers hosting and serverless backend services for web applications and static websites, raised $53 million in a Series C funding round.

The funding round was led by EQT Ventures with participation from existing investors Andreessen Horowitz, Kleiner Perkins, and Preston-Werner Ventures.

As part of the investment, Laura Yao, deal partner and investment advisor at EQT Ventures, has joined the Netlify Board of Directors. The company plans to use the new funds to accelerate the development and adoption of its web development platform based on git workflows and the JAMstack web architecture it pioneered. 

Netlify has raised $97 million to date. The company’s existing investors include the founders of Figma, GitHub, Heroku, Slack, and Yelp.

Used by 800,000 web developers and businesses, the Netlify platform provides modern build workflows, serverless functions, and a global Application Delivery Network to deliver the most performant, secure, and scalable websites and applications. 

Netlify pioneered the JAMstack category, a modern web architecture that marries the best practices of static sites with the API economy and serverless functions to deliver faster load times and dynamic content without worrying about web servers. 

The JAMstack architecture enables a wide variety of use cases, including web applications, corporate marketing sites, e-commerce, media and publishing, open source documentation, and more. Netlify is used by companies across a wide range of industries, including Citrix, Cornerstone OnDemand, Facebook, Flexport, Google, LiveChat, Loblaw, Victoria Beckham Beauty, and Unilever. 

Additionally, Netlify works with web development solution providers, including AKQA and Proximity BBDO, to help their clients use the JAMstack and Netlify. According to the company, the funding will also accelerate partnerships with web agencies and technology partners in the web ecosystem.