CapitalG invested in the no-code app software provider at a $2.1bn valuation more than five times higher than it was 18 months ago.

Webflow, a US-based provider of no-code application development software, received $140m in series B funding yesterday from investors including CapitalG, the growth equity subsidiary of internet and technology group Alphabet.

Venture capital firm Accel and growth equity firm Silversmith Capital Partners co-led the round, which Webflow said also featured all its existing investors.

The company raised the money at a valuation exceeding $2.1bn and Laela Sturdy, a general partner at CapitalG, is joining its board of directors.

Founded in 2012,…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.