Prysm Ventures has led a Series C funding round for Replit, a platform transforming software creation into an accessible process for everyone, achieving over $150 million in ARR in under a year.

Target Information

Replit, a pioneering platform in the software development landscape, has taken remarkable strides toward democratizing software creation. Led by a visionary team consisting of Amjad Masad, Michele Catasta, and others, Replit aims to make the software development process accessible not only to experienced engineers but also to a broader audience with innovative ideas.

Having grown exponentially, Replit achieved an astounding $150 million in annual recurring revenue (ARR) in just under a year, increasing from $3 million while garnering a user base of 40 million by mid-2025. This trajectory underscores the transformative potential of their platform in reshaping how software is built.

Industry Overview

The software development industry has historically posed significant barriers to entry. Creating software demanded extensive technical knowledge, costly resources, and considerable time investments, which hindered innovation