Website design tech startup Webflow raises $140 million

(Reuters) – San Francisco-based Webflow, a platform for web designers who do not know how to code, on Wednesday said it raised $140 million at a valuation of over $2.1 billion as investors bet a shortage of coders will give a boost to the so-called “no-code” tech.

While there are other website builders like Squarespace, Webflow chief executive Vlad Magdalin said those were for consumers while Webflow provides more complex functions for companies and web designers.

“No-code is still an early category and a lot of things you still have to do with code. But in the last year, we really saw a lot of companies taking this philosophy and this set of tools as a really business practical way to save costs and move faster,” said Magdalin.

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