
Webflow’s fascinating new round is a great time to discuss 2022 venture capital valuation dynamics
Alex Wilhelm
10 hours
Webflow, a well-funded no-code startup that helps customers build websites, raised a new round of capital this week.
Per Forbes reporting, Webflow landed $120 million in fresh funds at a $4 billion valuation. Forbes also writes that the company will reach the $100 million annual recurring revenue (ARR) mark shortly, has more than 200,000 customers, and currently earns around 8% of its total top line from enterprise customers.
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The above comes a little over a year after Webflow raised $140 million at a $2.1 billion valuation, giving the company a roughly 2x valuation bump with its new capital.
But what we care about more than the company’s raw valuation is the revenue multiple that the figure represents. Why? Because while nine-figure startup rounds are still getting done, we’re hearing from investors and founders alike that terms are tightening.
Even more, the public market has dramatically cut the value of software revenues, leading to some concern that late-stage startups are going to suffer when they go back to raise more capital. (This sentiment, for …