Vlad Magdalin took four tries to get no-code website builder Webflow off the ground. Now it's valued at more than $350 million after an unusual $72 million Series A from Accel.
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At $72 million in funding for a company that had only raised $2.9 million previously, the round led by venture capital firm Accel Partners stretches the meaning of a “Series A,” and reflects Webflow’s years of building off of its own balance sheet while investors shunned.
“No code” wasn’t buzzy yet – elements of it can be found in hot startups today such as Airtable, Notion and Zapier – but Webflow wasn’t the first to try to remove the technical complexity to managing work or building tools, either. What was different this time, however, was the rise of Google's Chrome browser and improved technology that could support the types of sites makable using Webflow's code.
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