Figma Rival Framer Raises Venture Funding at $2 Billion Valuation

Framer, a Dutch design software company, has raised venture funding at a valuation of $2 billion. Framer is considered a rival to the popular design tool Figma, as both companies offer solutions for automating web design processes. The funding round was led by Accel, with participation from existing investors such as Kleiner Perkins and Northzone. The exact amount of funding raised was not disclosed, but the investment will be used to accelerate Framer's product development and global expansion. Framer's design tools are aimed at helping designers, developers, and teams collaborate more efficiently on web projects. The company has seen significant growth in recent years, with its user base and customer base expanding rapidly. The $2 billion valuation for Framer highlights the increasing demand for design automation tools in the tech industry. The company's success also underscores the growing competition in the design software market, as it continues to challenge industry leaders like Figma.