What is Webflow? Funding of no code development platforms in 2020
Written by: Hrishikesh Pardeshi, Founder at Flexiple, buildd & Remote Tools.
Last updated: Sep 17, 2021
What is Webflow?
Webflow is a drag-and-drop tool for building responsive websites without the need for coding. Webflow has pioneered the no code content management system where customers can build a website, manage content, and be online without using code. Despite a failed Kickstarter campaign and getting rejected from YC in the early days, Webflow has over 2 million users and over 100k customers across 190 countries. Not to mention, the tens of thousands of projects being launched every month. According to Forrester Research, 84% of enterprises have already begun using low-code and no-code software.
In January 2021, Webflow announced that it has raised $140 million Series B valuing it at $2.1 billion. But, Webflow is hardly the only no-code company to receive massive funding in recent months:
Funding of no code development platforms in 2020
• In July of 2020, UiPath raised $225m at a $10.2B valuation to build out its “robotic process automation” platform
• In October of 2020, Mastercard joined a $5.4 million funding round for Signzy. This no-code tool helps financial services automate risk and compliance processes.
• In October of 2020, Unqork raised $207m in a Series C at a $2 billion valuation. It helps large companies build, deploy, and manage complex applications. Goldman Sachs, Liberty Mutual, the Cities of New York, and Washington DC are using Unqork to build enterprise applications faster, without any code.
• In addition to funding, companies are also acquiring no-code startups. In October of 2020, Celonis acquired Integromat- an alternative to Zapier, for over $100 million. Integromat is a $10 million business and has more than 11,000 customers.
Large firms are using no-code tools to connect the dots between different parts of their business without needing to use a single line of code. People also began streamlining internal processes and automating operational workflows to save time and effort. No-code also made it possible for creators previously hindered by the ability to code to create and market products. Because a world where only 1% of people can code and solve problems, is a world missing 99% of its potential.