Replit snags $9B valuation 6 months after hitting $3B
Replit raised a new $400 million round and said it hopes to have $1B in ARR by year's end.
TL;DR
- Replit raised $400 million in a Series D funding round.
- The company's valuation reached $9 billion.
- The round was led by Georgian Partners, with other investors including G Squared, Prysm Capital, Coatue, Andreessen Horowitz, Craft Ventures, Y Combinator, Accenture Ventures, Okta Ventures, and Databricks Ventures.
- Angel investors Shaquille O’Neal and Jared Leto also backed the company.
- This follows a $250 million round in September at a $3 billion valuation.
- Replit aims to achieve $1 billion in annual recurring revenue by the end of the year.