San Francisco-based startup Netlify has raised $53 million in Series C funding. The funding round is led by the EQT Ventures Fund with participation from existing investors Andreessen Horowitz and Kleiner Perkins, as well as Preston-Werner Ventures.
With this, Netlify has raised $97 million to date, and past investors include the founders of Figma, GitHub, Heroku, Slack and Yelp.
Used by more than 800,000 web developers and businesses, the Netlify platform is said to provide modern build workflows, serverless functions and a global Application Delivery Network to deliver the most performant, secure and scalable websites and applications. With this investment, the startup aims to accelerate the development and adoption of its web development platform based on Git workflows and the modern JAMstack web architecture it pioneered.
EQT Ventures’ proprietary artificial intelligence (AI) platform Motherbrain flagged Netlify to the EQT Ventures team as a key investment opportunity. With this investment, Laura Yao, deal partner and investment advisor at EQT Ventures, also joins the Netlify Board of Directors.
Netlify welcomes the quality of insights from Yao in the US alongside EQT Ventures’ European teams. Additionally, with EQT Ventures’ major presence in Europe, Netlify can be better enabled to further expand its offering to European enterprises.