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.