Total amount raised
$800 Million
Latest funding date
12/1/2021
Location
Replit has successfully raised funding over 10 rounds, with the latest being a Series C round led by Prysm Capital. The platform offers a variety of AI-driven tools and services aimed at simplifying the app development process.
Keep reading to explore the intricacies of Replit's fundraising journey and the investors backing this innovative platform.
What Is Replit?
Replit, a platform based in Foster City, California, operates in industries such as artificial intelligence, cloud computing, developer tools, information technology, and software. The company has between 101-250 employees.
Founded by a team of innovators, Replit is renowned for being the most secure agentic platform for production-ready apps. It has raised significant funding over multiple rounds, with notable investors like Andreessen Horowitz and Craft Ventures backing the company.
Replit offers a variety of AI-driven tools and services designed to help users build applications and websites efficiently. The platform caters to individual developers, teams, and enterprises, providing features like workflow automation, design controls, and full-stack infrastructure.
How Much Funding Has Replit Raised?
- Pre-Seed Round
- Amount Raised: USD 120,000
- Date: January 2018
- Lead Investors: Y Combinator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of the platform and build initial features.
- Seed Round
- Amount Raised: USD 4,500,000
- Date: October 2018
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series A Round
- Amount Raised: USD 20,000,000
- Date: February 2021
- Lead Investors: A.Capital Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and enhance AI-driven tools.
- Series B Round
- Amount Raised: USD 80,000,000
- Date: December 2021
- Lead Investors: Coatue
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid user growth and infrastructure improvements.
- Series B Round
- Amount Raised: USD 97,400,000
- Date: April 2023
- Lead Investors: Andreessen Horowitz
- Valuation at Round: USD 1.16 billion
- Motivation Behind the Round: To integrate AI capabilities and enhance developer tools.
- Series B Round
- Amount Raised: USD 20,000,000
- Date: November 2023
- Lead Investors: Craft Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for long-standing employees.
- Series C Round
- Amount Raised: USD 250,000,000
- Date: July 2025
- Lead Investors: Prysm Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand AI-driven services and global reach.
Total Amount Raised: USD 471,020,000. Current Valuation: USD 1.16 billion.
Key Investors
- Andreessen Horowitz
- Details: Andreessen Horowitz is a private venture capital firm based in Menlo Park, California. It was founded by Marc Andreessen and Ben Horowitz in 2009.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Facebook, Airbnb, Slack.
- Craft Ventures
- Details: Craft Ventures is a venture capital firm that focuses on early-stage and growth-stage companies. It was co-founded by David Sacks and Bill Lee.
- Investment Focus Areas: Technology, software, SaaS.
- Notable Investments: Bird, SpaceX, Reddit.
- Prysm Capital
- Details: Prysm Capital is a growth equity firm that invests in high-growth companies. It was founded by Jay Park and Matt Roberts.
- Investment Focus Areas: Technology, healthcare, consumer.
- Notable Investments: Not publicly disclosed.
- Y Combinator
- Details: Y Combinator is a startup accelerator that has funded over 2,000 startups. It was founded by Paul Graham, Jessica Livingston, Robert Tappan Morris, and Trevor Blackwell.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Dropbox, Airbnb, Stripe.
- A.Capital Ventures
- Details: A.Capital Ventures is a venture capital firm that invests in early-stage technology companies. It was founded by Ronny Conway.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Not publicly disclosed.
What's Next for Replit?
Replit stands at the forefront of integrating artificial developer intelligence (ADI) into its platform, offering significant opportunities for growth. The company is focused on developing generative AI capabilities and building its own large language model (LLM) for code generation. These advancements aim to redefine the software development process, making it more efficient and accessible.
With substantial financial backing, including a recent $20 million investment from Craft Ventures, Replit is well-positioned for future fundraising opportunities. The rapid adoption of AI tools and the upcoming Developer Day suggest potential for further investments and strategic partnerships. However, the company faces challenges such as competition from established players and ensuring the quality of AI-generated code.
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