Replit funding: Every round, investor, and valuation (2026)

Replit sells a platform where people build and launch software by describing it in plain English. Its Replit Agent writes the code, sets up the database, and hosts the finished app, all inside a web browser. Most of its 60 million users are not professional programmers, and companies such as Zillow, Atlassian, and Visa use it to build internal tools.

Replit has raised about $860 million across 10 funding events since 2016. Its latest priced round, a Series D in March 2026, valued the company at $9 billion.

Three quarters of that money arrived after Replit launched its AI agent in September 2024. Before then, the company had spent eight years selling a coding tool to students and hobbyists, and it booked $2.8 million in revenue in 2024. Let's dive into Replit's funding history.

Replit's funding falls into three stretches: small rounds for a browser-based coding tool, one round to add AI to that tool, and two large rounds after the AI agent took off. The last stretch began when Replit changed who it sells to, from programmers to people who cannot code.

Amjad Masad left Facebook in 2016 to build Replit full time with his wife, Haya Odeh, and his brother, Faris Masad. Bloomberg Beta wrote the first check, and Replit joined Y Combinator's Winter 2018 batch after four rejections.

Andreessen Horowitz led the seed round in October 2018, when about a million people were using the product. The angels included Paul Graham, OpenAI's Greg Brockman, and Datadog founder Olivier Pomel.

A.Capital Ventures led the Series A in early 2020. Replit held back the announcement until February 2021, citing the pandemic, by which point it had more than 6 million users.

Coatue led the Series B in December 2021, ten months after the Series A was announced. Replit had doubled its users to more than 10 million that year and planned to spend the money on hiring, infrastructure such as databases and hosting, and early work on AI-assisted coding.

In April 2022, Replit opened a community round on Wefunder so its users could buy shares. It raised about $5 million from more than 2,500 members of its community.

Andreessen Horowitz's growth fund led an extension of the Series B in April 2023, making Replit a unicorn. The pitch was Ghostwriter, an AI assistant that completed and explained code inside Replit's editor, partly on a code model Replit trained itself.

In November 2023, Craft Ventures funded Replit's first tender offer, which let current and former employees sell vested shares. The money went to staff rather than to the company.

The 2023 round had a large user base behind it, 22.5 million developers, but little revenue. Replit made $2.8 million in all of 2024, and it laid off staff in May 2024 to cut burn and focus on a single product. Masad later said the company shrank to about half its former size before that product launched.

Replit Agent launched in September 2024. Instead of helping programmers write code, it built whole apps for people who could not code at all.

Replit's annualized revenue climbed from $10 million to $100 million in about five and a half months, reaching that mark by mid-2025. Bloomberg reported in April 2025 that Replit was in talks to raise at a $3 billion valuation.

Prysm Capital led the Series C in September 2025. Google joined through its AI Futures Fund, and Replit began selling through the Google Cloud Marketplace the same day. By then, the company reported $150 million in annualized revenue and more than 40 million users.

Bloomberg reported in January 2026 that a new round would triple the valuation. Georgian, a Toronto-based growth investor, led the Series D when it closed in March, and Replit launched Agent 4 alongside it. Replit's own announcement named backers that the press release left out, including the Qatar Investment Authority, 1789 Capital, the stablecoin company Tether, and the celebrity investors Shaquille O'Neal and Jared Leto.

Visa made an undisclosed investment in May 2026. The two companies plan to build Visa's payment tools into Replit, so that apps made on the platform can take payments and let AI agents buy things on a user's behalf.

Replit's valuation rose about elevenfold between the 2021 Series B and the 2026 Series D. Most of that rise came in the final six months.

The price rose about 2.6 times in the 29 months between the 2023 extension and the Series C. It then tripled in the six months after that, as agent revenue kept compounding.

At the Series C, investors paid about 20 times Replit's annualized revenue. A simple revenue-multiple valuation puts the Series D at about 30 times the $300 million run rate that the research firm Sacra estimated for the end of 2025, or nine times the $1 billion Replit is targeting for the end of 2026.

OpenAI's latest funding round valued it at $852 billion in March 2026, the same month Replit reached $9 billion.

Replit has never published its cap table. Forbes counted Masad as a billionaire after the Series D, and the rest of how Replit's ownership is split runs across Odeh, employees, and its venture backers.

Replit's investors fall into three groups: venture firms that backed it as a coding tool, growth investors that bought in after the agent launched, and companies that want Replit's users on their platforms.

Andreessen Horowitz led Replit's seed round in 2018 and its $97.4 million extension in 2023. It also joined the Series A, Series B, Series C, and Series D, which makes it Replit's longest-standing institutional backer and likely one of its largest outside shareholders.

Andreessen Horowitz and Coatue also back Cursor, one of Replit's most direct rivals. Both firms sit in Cursor's venture-heavy ownership, which gives them stakes on both sides of the AI coding market.

Coatue led the $80 million Series B in 2021, at a time when Replit's users were mostly students. It returned for the 2023 extension, the Series C, and the Series D.

Craft Ventures entered in 2023 by funding the employee tender, then joined the Series C and Series D. Prysm Capital led the Series C and came back for the Series D. Georgian led the Series D, with Margaret Wu leading the deal, and described Replit as a platform that takes people "from idea to production software in a single environment."

Prysm and Georgian both entered after the agent launched. They are betting on Replit's revenue growth rather than on its user base, which had already passed 20 million before either invested.

Most of Replit's newer backers are companies that sell to the same customers. Google invested through its AI Futures Fund, sells Replit through its cloud marketplace, and hosted the Claude models that first powered Replit Agent. For Alphabet, whose founders still hold voting control, the deal keeps Replit's workloads on Google Cloud.

Amex Ventures joined the Series C, and Accenture Ventures, Okta Ventures, and Databricks Ventures joined the Series D. Databricks owns Neon, the Postgres database that Replit apps run on, and Databricks' own investor base includes Andreessen Horowitz and the Qatar Investment Authority, both of which also backed Replit.

Visa joined in May 2026 with a plan to put its payment tools inside Replit, and more than 1,000 Visa employees already use the platform. Corporate venture capital accounts for 43% of AI startup funding, according to recent startup funding statistics.

Paul Graham invested in the seed round and again in the Series C. Other early angels included Greg Brockman, Olivier Pomel, Naval Ravikant, and Hamilton Helmer.

The 2022 Wefunder round added more than 2,500 small shareholders from Replit's own community. Shaquille O'Neal and Jared Leto joined in 2026.

Replit spends its capital on three things: the AI models that run its agent, the cloud infrastructure that hosts its users' apps, and people to sell into large companies.

Replit does not train its own frontier models. At launch, Replit Agent ran on Anthropic's Claude 3.5 Sonnet through Google's Vertex AI, and later versions moved to newer Claude models. Every task a user gives the agent turns into a bill from Anthropic's model-selling business or another lab.

Sacra estimates that Replit's gross margin swung between 36% and minus 14% during 2025, as heavier agent use pushed up model costs. In mid-2025, Replit replaced its flat $0.25 per checkpoint with effort-based pricing, which charges according to how much work a task takes. Some users saw their bills jump, but in May 2026 Masad said gross margins had been positive for more than a year.

Replit hosts the apps its users build, so it pays for computing power, storage, and databases on top of model costs. Its July 2025 deal with Microsoft lets companies deploy Replit apps on Azure and buy Replit through the Azure Marketplace, alongside its existing Google Cloud partnership.

Replit raised the Series D to expand into Europe, Asia, and the Middle East and to grow its sales team. It opened its first office outside the United States in London in September 2026 and said it expects to double its headcount and investment over the following year.

India is already Replit's second-largest market. In Europe, customers include PwC, EY, and Mercedes-Benz Group.

Replit bought Atta, an AI business-analysis startup founded in Egypt, in September 2026 for an undisclosed price. Atta's charting and data-analysis tools will be built into Replit Agent, so users can analyze business data as well as build apps.

Large companies are Replit's main growth focus. In May 2026, it launched self-serve enterprise plans that let companies sign contracts of up to $200,000 without talking to a salesperson, plus a partner program for consultancies. Masad has said that net revenue retention, the growth in spending from existing customers, reaches 300% in some accounts, and employees at 85% of the Fortune 500 already use the platform.

The product is moving from app building toward running a business on Replit. Agent 4 added a design canvas and agents that work in parallel, the Visa deal targets payments, and Atta adds data analysis. Apple has blocked Replit's iOS app updates for months over how the app runs new code, a dispute Masad says Replit is prepared to take to court.

Replit has not filed for an IPO, and Masad said in May 2026 that it will "try to stay independent" even as partners raise the topic of a sale. The company is targeting a $1 billion run rate by the end of 2026. The main risks are its reliance on outside model labs, competition from Cursor, Lovable, Anthropic's own Claude Code, and Copilot from Microsoft-owned GitHub, and trust in autonomous agents, which took a hit in July 2025 when Replit's agent deleted a customer's production database.

Replit has raised about $860 million in equity since 2016, across 10 funding events. That excludes a $20 million employee tender funded by Craft Ventures in 2023, which paid staff rather than the company.

Most of it came in two rounds: $250 million in September 2025 and $400 million in March 2026. Visa invested an undisclosed amount in May 2026.

Replit's largest investors are Andreessen Horowitz, Coatue, Prysm Capital, and Georgian. Other backers include Y Combinator, Bloomberg Beta, A.Capital Ventures, Khosla Ventures, Craft Ventures, G Squared, the Qatar Investment Authority, Google's AI Futures Fund, Amex Ventures, Accenture Ventures, Okta Ventures, Databricks Ventures, and Visa.

Replit was valued at $9 billion after its $400 million Series D in March 2026, triple its $3 billion valuation from September 2025. Visa's May 2026 investment did not come with a disclosed valuation.

No. Replit is private and has not filed for an IPO. CEO Amjad Masad has said the company wants to stay independent.

Replit is owned by its founders, employees, and investors. CEO Amjad Masad is the largest individual shareholder, and co-founder Haya Odeh also holds equity. Andreessen Horowitz and Coatue are among the largest outside shareholders, but Replit has never disclosed exact stakes.