Replit has raised significant capital across multiple funding rounds, most recently securing $250 million in a Series E round on September 10, 2025, led by American Express and Coatue, achieving a $3 billion valuation. Founded in 2016, Replit specializes in providing AI-assisted application development tools, enabling users to quickly create web and mobile apps using natural language prompts, integrate authentication, and deploy applications seamlessly.
What Is Replit and What Does It Do?
Replit, founded in 2016 by Amjad Masad and Haya Odeh, is a leading AI-powered platform for application development based in Foster City, California. The company empowers users to build and deploy web and mobile apps efficiently using AI-driven tools.
Replit focuses on supporting developers worldwide by translating natural language prompts into functional apps, integrating authentication, and adding advanced features via prompts. Their AI-native platform simplifies coding workflows, accelerates prototyping, and enables rapid deployment.
With a team of 58 employees as of December 2024, Replit raised $250 million in Series E funding in September 2025 from American Express and Coatue, achieving a $3 billion valuation and reflecting strong investor confidence in its AI-first development ecosystem.
How Much Funding Has Replit Raised?
1. Pre-Seed Round
- Amount Raised: $120K
- Date: January 2018
- Lead Investors: Y Combinator
- Motivation: To kickstart the development of their browser-based IDE.
2. Seed Round
- Amount Raised: $4.5M
- Date: October 2018
- Lead Investors: Andreessen Horowitz
- Motivation: To expand the platform's capabilities and user base.
3. Series A
- Amount Raised: $20M
- Date: February 2021
- Lead Investors: A.Capital Ventures
- Motivation: To scale operations and enhance product features.
4. Series B
- Amount Raised: $80M
- Date: December 2021
- Lead Investors: Coatue
- Motivation: To accelerate growth and invest in AI-driven development tools.
5. Series C
- Amount Raised: $97.4M
- Date: April 2023
- Lead Investors: Andreessen Horowitz
- Motivation: To support the company's growth and development of AI-powered developer tools.
6. Venture Round
- Amount Raised: $20M
- Date: November 2023
- Lead Investors: Craft Ventures
- Motivation: To provide liquidity for long-standing employees.
7. Series D/E
- Amount Raised: $250M
- Date: September 2025
- Lead Investors: American Express, Coatue
- Motivation: To enhance AI models, expand team, and accelerate global adoption of AI-native development workflows.Pre-Seed Round
Total Funding Raised: $522 Million
Current Valuation: $3 Billion (as of Sept 2025)
Latest Funding Date: September 2025
Key Investors
1. Andreessen Horowitz
- Details: Venture capital firm investing in transformative technology companies.
- Investment Focus Areas: Generative AI, application development platforms, and AI-native software.
- Notable Investments: OpenAI, Replit, Character.ai.
2. American Express
- Details: Strategic investor supporting technology-driven startups and enterprise tools.
- Investment Focus Areas: Fintech, AI-enabled enterprise platforms, software infrastructure.
- Notable Investments: Replit, fintech and SaaS startups.
3. Coatue
- Details: Technology-focused investment firm backing high-growth AI and software companies.
- Investment Focus Areas: Generative AI, developer tools, cloud infrastructure.
- Notable Investments: Replit, Robinhood, Databricks.
Where Is Replit’s Headquarters?
Replit is headquartered in Foster City, California, providing access to top AI and software engineering talent, venture capital, and a thriving technology ecosystem in Silicon Valley.
What’s Next for Replit?
Following its $250 million Series E funding, Replit plans to enhance AI-powered app generation, expand enterprise and educational adoption, and scale its AI-native development platform globally.
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