Candy Digital Secures $100 Million Investment in Series A Round; Values Company At $1.5bn
21 Oct, 2021
– Replit, a browser-based integrated development environment (IDE) built for cross-platform collaborative coding, has raised $20 million in a series A round of funding led by A.Capital Ventures.
– Replit, which counts users from big-name companies such as Google, Facebook, and Stripe, closed the funding round in early 2020 but for various business and pandemic-related reasons delayed the announcement until today.
– Replit said it has invested the capital in R&D, hiring, and platform feature launches, noting that its user base has surged by 122% to more than 6 million users while its employee base has doubled.
– Founded out of San Francisco in 2016, Replit touts itself as the “first fully online multiplayer computing environment,” one that enables anyone to begin coding with minimal preparation and no downloads.