Funding round
Replit Series B
Replit, which works in AI-Powered software development platform services in Foster City, raised $97M in a Series B round announced on 25 Apr 2023, led by Andreessen Horowitz, at a $1.16B post-money valuation. 7 firms took part, with 3 individual investors. It is Replit's third venture round on record; the one before was a Series A in Feb 2021.
$97M
Amount raised
$1.16B
Post-money valuation
7
Investors
1 lead
8.4%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Replit at $1.16B after the new money. The $97M bought investors about 8.4% of the company. It came 26 months after Replit's Series A. It is 13% of the $772M Replit has raised in the venture rounds on record. Replit raised again 29 months later: a Series C round of $250M in Sep 2025, at $3.00B post-money.
Replit's funding rounds
Replit has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Seed 22 Oct 2018, led by Andreessen Horowitz $4.5M
- Series A 18 Feb 2021, led by A.Capital $20M
- Series B this round 25 Apr 2023, led by Andreessen Horowitz $97M$1.16B post-money
- Other not a venture round 6 Nov 2023, led by Craft Ventures $20M
- Series C 10 Sep 2025, led by Prysm Capital $250M$3.00B post-money
- Growth 11 Mar 2026, led by Georgian $400M$9.00B post-money
Investors
Who put money in
Andreessen Horowitz led the round with 6 other firms.
Lead investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
Also in the round
- Coatue backs 229 venture-backed companies new investor
- Khosla Ventures backs 396 venture-backed companies new investor
- SV Angel backs 293 venture-backed companies new investor
- Y Combinator backs 1,295 venture-backed companies new investor
- Bloomberg Beta new investor
- ARK Invest backs 29 venture-backed companies new investor
Individual investors: Naval Ravikant, Cathie Woods and Hamilton Helmer.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
647 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $27M, and this round was 3.6 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 26 Apr 2023 | $100M | $750M | Andreessen Horowitz |
| Tech Companies | 4 Apr 2023 | $50M | not disclosed | Morgan Stanley and StepStone Group |
| Tech Companies | 18 Apr 2023 | $50M | not disclosed | Sorenson Capital |
| Tech Companies | 21 Apr 2023 | $50M | not disclosed | Index Ventures |
| Tech Companies | 11 Apr 2023 | $30M | not disclosed | Advance Venture Partners |
| Tech Companies | 18 Apr 2023 | $26M | not disclosed | Education Growth Partners |
| Tech Companies | 13 Apr 2023 | $22M | not disclosed | Four Rivers Group |
| Tech Companies | 13 Apr 2023 | $20M | not disclosed | Ten Eleven |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Replit raise in its Series B round?
Replit raised $97M in its Series B round, announced in Apr 2023.
Who led Replit's Series B round?
Andreessen Horowitz led it, with Coatue, Khosla Ventures, SV Angel, Y Combinator and Bloomberg Beta and 1 more.
What was Replit's valuation at the Series B round?
$1.16B post-money.
How does it compare with other Series B rounds in Tech Companies?
647 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $27M, and this round was 3.6 times the median.
Did Replit raise again after this round?
Yes: a Series C round in Sep 2025 of $250M at $3.00B post-money.