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Replit Achieves $400M Series D Funding, Reaches $9 Billion Valuation

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Replit, a pioneering company in the field of vibe-coding, has announced a significant funding milestone. Key details include:

  • Funding Announcement: On Wednesday, Replit revealed that it raised $400 million in a Series D funding round, achieving a remarkable $9 billion valuation. This round was led by Georgian Partners, a repeat investor, and included participation from notable firms like G Squared, Prysm Capital, Coatue, Andreessen Horowitz, Craft Ventures, Y Combinator, Accenture Ventures, Okta Ventures, and Databricks Ventures.
  • Notable Angel Investors: Among the backers are celebrities like Shaquille O'Neal and Jared Leto, who have invested as angel investors.
  • Historical Context: This follows a previous valuation of $3 billion in September last year, when Replit raised $250 million and projected an annual revenue of $150 million.
  • Revenue Goals: While current annual recurring revenue (ARR) figures were not disclosed, Replit has ambitious goals of achieving $1 billion in ARR by the end of the year.
  • Growth Journey: Founder and CEO, Amjad Masad, mentioned that Replit's success followed nine years of effort and a strategic pivot from targeting professional developers to focusing on serving non-programmers.