Cloud Computing Company Netlify Procurers $53 M in Series C Round of Financing

By Cloud Computing Outlook | Tuesday, May 12, 2020

Netlify has been embraced by more than 800,000 developers and businesses to empower their development teams to build, deploy, and iterate websites at a much faster rate than with traditional tools and architectures.

FREMONT, CA: Netlify, a San Francisco-based cloud computing company that offers hosting and serverless backend services for static websites, raises $53 million in Series C round of financing. The Series C funding round was led by EQT Ventures Fund and existing investors such as Preston-Werner Ventures, Andreessen Horowitz, and Kleiner Perkins. With this recent round of financing, the total capital raised by Netlify reached $97 million to date. Figma, GitHub, Slack and Yelp, and Heroku are some of the early investors of the company.

Netlify plans to accelerate the development with the newly raised funds. It will also adopt its web development platform based on git workflows and the modern JAMstack web architecture that it pioneered. Security, scalability, and speed are the crucial factors to compete on the web. Being the provider of all these, Netlify has been embraced by more than 800,000 developers and businesses across the globe to empower their development teams to build, deploy and iterate websites at a much faster rate than with traditional tools and architectures.

Mathias Biilmann, co-founder and CEO of 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."

Recently, Netlify launched a suite of enterprise-grade products to help the customers and focus on team-collaboration, uptime SLAs and premium support, and high-performance build environments. Netlify also plans to deliver novel features to continually enhance the experience and performance for developers and enterprises alike, while continually expanding its team.

Laura Yao, a 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."