Netlify was founded in 2014 by Christian Bach and Mathias Christensen. In 2020, after raising $53 million in fresh venture capital funding, CEO Bach told Business Insider that the company was not currently looking for an exit, whether it would be IPO or acquisition. "Netlify was not built for exits," he said. "It was built for how far we can get to make the web better." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Netlify is a web development platform best known for being an early pioneer of separating front-end design and back-end development and processes. One of the company's products, JAMstack, allows users to develop and host websites without having to manage servers themselves. The platform is compatible with AWS, Microsoft Azure, and Google Cloud. Netlify has raised more than $200 million in venture capital funding from investors including Bessemer Venture Partners, Andreessen Horowitz, Bond, EQT Ventures, Kleiner Perkins, Mango Capital, and Menlo Ventures. A $105 million Series D round resulted in a $2 billion valuation.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
11/17/2021 | Series D | $105MM | $xx.xx | $2B | Andreessen Horowitz, Bessemer Venture Partners, Bond, Eqt Ventures, Kleiner Perkins, Mango Capital, Menlo Ventures | |
Price per Share
$xx.xx
Shares Outstanding
1,716,401
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Bessemer Venture Partners, Bond, Eqt Ventures, Kleiner Perkins, Mango Capital, Menlo Ventures
|
||||||
03/14/2020 | Series C | $68.77MM | $xx.xx | $632.53MM | Andreessen Horowitz, Kleiner Perkins, Preston-Werner Ventures | |
Price per Share
$xx.xx
Shares Outstanding
3,325,704
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Kleiner Perkins, Preston-Werner Ventures
|
||||||
10/09/2018 | Series B | $32.19MM | $xx.xx | $186.2MM | Andreessen Horowitz, Dylan Field, Jeremy Stoppelman, Kleiner Perkins, Stewart Butterfield | |
Price per Share
$xx.xx
Shares Outstanding
4,666,267
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Dylan Field, Jeremy Stoppelman, Kleiner Perkins, Stewart Butterfield
|
||||||
08/09/2017 | Series A | $12MM | $xx.xx | $50.03MM | Andreessen Horowitz, Bloomberg Beta, Designer Fund, Tank Hill Ventures | |
Price per Share
$xx.xx
Shares Outstanding
4,706,656
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Bloomberg Beta, Designer Fund, Tank Hill Ventures
|
||||||
08/17/2016 | Series Seed | $2.55MM | $xx.xx | $8.51MM | Bloomberg Beta, Tank Hill Ventures | |
Price per Share
$xx.xx
Shares Outstanding
4,124,240
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bloomberg Beta, Tank Hill Ventures
|