Webflow, which helps businesses build no-code websites, raises $140M Series B led by Accel and Silversmith at a $2.1B+ valuation
This morning Webflow, a software company that helps businesses build no-code websites, announced that it has raised a $140 million Series B. The round …
Context & Ripple Effects
This round is a steep step up the curve Webflow has been on since its $72M Series A led by Accel in 2019, when sources pegged the valuation at just $350M-$400M after years of operating on only $2.9M raised. Eighteen months later, Accel is back alongside new lead Silversmith at more than $2.1B — roughly a five-to-six-fold markup.
The raise also lands mid-boom for adjacent web-infrastructure bets: Fabric pulled in $100M for hosted e-commerce site-building that July, and Netlify followed with a $105M Series D at a $2B valuation that November. The later arc confirms the momentum — Webflow went on to raise a $120M Series C at a $4B valuation and then buy AI-personalization startup Intellimize.
First-order effects
- Accel doubles down on a company it backed from the Series A, while Silversmith buys in at a valuation more than five times the reported $350M-$400M mark of eighteen months earlier — fresh capital Webflow can deploy against hosting, features, and go-to-market for its no-code builder.
Second-order effects
- Rivals in adjacent layers of the business-web stack feel pressure to match the war chest: Netlify's $105M Series D at $2B and Fabric's $100M raise show investors funding every layer — development automation, e-commerce builds, visual design — forcing each player to compete on platform breadth rather than price.
Third-order effects
- If the pattern holds, no-code website platforms consolidate into full-stack suites via M&A — exactly what happened when Webflow later acquired Intellimize, whose AI personalization tooling extended the builder into optimization, with capital raises functioning as acquisition currency.
The trend: No-code web platforms are drawing ever-larger venture rounds as investors race to back the company that owns the entire business website stack — building, hosting, and now optimizing it.