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Other investors in the latest round for the Foster City, Calif.-based startup included Andreessen Horowitz, Coatue and the Qatar Investment Authority, as well as basketball star Shaquille O’Neal and actor Jared Leto. Toronto-based Georgian’s growth fund first backed Replit in its US$250-million Series C last September. (The Logic)
Talking point: Replit sells subscriptions to AI agents that let users with no technical expertise build websites and apps. It competes with Anthropic, Anysphere and Lovable in the red-hot market for vibe-coding tools. In a blog post, Georgian lead investor Margaret Wu cited Replit’s success with business customers, and its focus on “the technically difficult parts of software development” like testing and maintaining applications. Vibe-coding firms are among the fastest-growing startups in history, momentum which has helped many raise huge funding rounds at significant valuations in quick succession. Georgian joins Inovia Capital and Radical Ventures in leading a giga-round for an AI high-flyer, after the two funds co-led Cohere’s US$600-million financing last summer.
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