Design platform provider Framer attracts $24 mln Series B


Amsterdam-based Framer, a provider of an interactive design platform, has secured $24 million in Series B funding. Atomico led the round.

PRESS RELEASE

November 12, 2018 – Amsterdam – Framer, the Amsterdam-based startup behind the world’s leading interactive design platform Framer X, today announced a $24M Series B investment, led by Atomico. This latest investment will be used to continue building out the only platform that designers and product teams will ever need to build digital products from start to finish.

Framer X is a fully-integrated design, prototyping and developer handoff tool powered by React, making it the only tool of its kind to truly blend design and development workflows.

Unlike competitors, Framer X allows designers and developers to create, import, publish and use brand assets and interactive components created by their own teams or the larger design community. From video players, live maps and data generators to UI Kits and interactive design systems, every package in the Framer X Store is configured to work out-of-the-box, so anyone can install, drag and drop them into their designs.

The company is also announcing the beta launch of a private design store for teams on Framer X. The Team Store will allow members of teams at the same company to collaborate and share everything from brand assets and design components to truly interactive design systems all within the platform. Thereby creating a truly global shared living design system.

“Just two months after its launch, Framer X is already changing the landscape of design as we know it. With Atomico’s investment and today’s beta launch of the private design store, we are even closer to achieving our mission of building the only platform that designers and product teams will ever need. We believe Framer X is already the world’s best platform for enabling any business to build world-class digital products. And we’re only just getting started,” said Koen Bok, co-founder and CEO of Framer.

This latest investment brings total funds raised to date by the Amsterdam-based startup to $33M. Previous investors Accel London and AngelList also participated in the round.

Every business is now a digital business, so building digital products has become mission critical to keep up with customer demands. Yet, there is not a single platform for all members of product teams – from designers and engineers to product managers – to collaborate and build world-class digital products together. This is the problem that Framer solves.

“The world’s best digital products, like Google, Facebook, Dropbox, Twitter, and Snap, are designed and built by teams. Those teams are already using Framer X,” said Hiro Tamura, Partner at Atomico. “We are excited about partnering with Koen, Jorn, and the Framer team to help make that level of digital product excellence and innovation accessible to any company in any traditional industry, from financial services to retail and beyond.”

“We were blown away by Koen and Jorn’s deep expertise in product design and their strengths as entrepreneurs after exiting their first company to Facebook where they lead product, reporting directly to Mark Zuckerberg. This duo is showing the world that the world’s next game-changing growth companies are coming out of Europe,” added Tamura.

The latest investment will help Framer focus on expanding the reach of its platform in 2019. Framer also plans more than triple its team by adding product development, engineering, sales and and on-the-ground support roles in North America, Europe, and Asia.

Framer X Features
Layout automatically adapts your layout when you resize your canvas and lets you use flexible stacks to easily rearrange elements

Drawing includes an advanced path editor that allows you to draw and fine-tune everything from custom icons to intricate illustrations.

Interactive tools are a set of tools that allow users to design high-fidelity scrolling, paging,\ and screen-to-screen transitions—all you have to do is point and click.

Components in Framer X are fully interactive, reusable pieces that can include everything from live maps and image generators to video players

Store is the world’s first in-app interactive design store, with packages containing everything from icons and UI elements to interactive design systems.

Since launching in 2014, Framer has been used in the creation of products such as Twitter Threads and Dropbox Paper. Monthly active users have tripled over the past three months, and the team has expanded as well. Recent hires include C-level talent from Spotify, Pinterest, Amazon and Facebook.

About Framer:
Founded in 2014, Framer is an all-in-one interactive design tool for designers, engineers, product managers, and teams everywhere. Creatives’ toolkits are consolidated on the platform which offers a fully-integrated design, prototyping and developer handoff tool. To date, Framer has raised $33 million in funding from Atomico, Accel, and seed round investors Designer Fund, Foundation Capital and Greylock Partners. Co-founded by Koen Bok and Jorn van Dijk, Framer is headquartered in Amsterdam, Netherlands.

About Atomico:
Atomico invests in disruptive technology companies with ambitious, game-changing founders from Series A onwards. Built by founders for founders, Atomico has made over 100 investments into companies including Supercell, Klarna, Stripe, Lilium, Graphcore, and The Climate Corporation since its foundation in 2006.

Our experienced team includes founders and operators from the world’s most successful technology firms who were responsible for global expansion, hiring, user growth and marketing at companies from Skype and Google to Uber, Facebook, Twitter and Spotify. They partner with our companies as they scale to become global category winners.