StackBlitz: The Story of a Lightning Transformation in the Development World

StackBlitz, a pioneer in web development software, is on the verge of concluding negotiations to secure investor funds with a company valuation of 700 million dollars. According to CEO Eric Simons, Emergence Capital, together with GV – formerly Google Ventures – is leading this funding round with 83.5 million dollars. Madrona Venture Group, Conviction, and Mantis are also participating in the capital raising. The emerging company achieved little-noticed successes when it raised 22 million dollars in a previously concluded Series A funding round. Founded in 2017, StackBlitz initially struggled to find the right market. However, with the launch of Bolt.new, a groundbreaking AI platform for website creation, it found its purpose. Within a month of its market launch in October, Bolt.new gained almost a million users. The tool has gained significant popularity through word of mouth and now generates substantial annual revenues. "Five months ago, we were on the brink of closing the company," said Simons. The launch of Bolt.new was an "overnight success seven years in the making." Particularly impressive, Bolt.new allows even users with limited technical skills to create web applications through voice commands. In some respects, it competes with established developer software like that of Replit. Alongside the main investors, Flex Capital, Greylock Partners, and Tribe Capital also count among StackBlitz's financiers.