Low Code Future: No. 13
What happened in March 2022? Again, over $300 Million invested in LowCode/NoCode, across 9 companies.
DEALS 💸
Do you want to see all (300+) investors? You can now browse our Airtable: https://airtable.com/shrfSFmtN5aYYCfk9
[Webflow, USA, $120M led by Y Combinator’s Continuity fund] Webflow is a no-code visual web development platform which generates code to enable anyone to build web-based businesses and adapt to changes without developers or months of building. Read here.
[Builder.AI, UK, $100M led by Insight Partners] Builder.ai provides an AI-powered low-code/no-code app development platform that allows customers to order apps for every business and entrepreneur. The AI-powered assembly line combines Lego- like reusable features, using Building Blocks automation to reduce human effort. Read here.
[JIFFY.ai, USA, $53M led by Eight Roads Ventures] JIFFY.ai provides an intelligent automation platform that allows business users to adapt to change and innovate faster. The integrated platform employs the cognitive capabilities of no-code based software development, Intelligent Document Processing, Natural Language Processing, RPA, Machine Learning, and AI to power the next generation of enterprise applications. Read here.
[Certa, USA, $15M led by Point72 Ventures] Certa’s software orchestrates entire workflows across procurement, compliance, information security, privacy, and finance systems. Utilizing low code/no-code technology, Certa empowers procurement teams to automate crucial processes without IT support. Read here.
[Upstream, USA, $12.5M led by Boldstart Ventures] Upstream is the no-code platform where anyone can start and run their own DAO. Its product Upstream Collectives bring together the key elements of a DAO including treasury, voting, governance, token gating, group chat, delegation of votes, and a wallet into one cohesive experience. Read here.
[Flowingly, New Zealand, $4.5M led by GD1] Flowingly provides a process mapping & workflow automation platform designed to help all customer-facing workers map & automate processes and drive digital transformation across government, education, healthcare, manufacturing and enterprise organizations. Read here.
[Silico, UK, $4.5M led by Join Capital] Silico AI empowers organisations to continuously test the impact of different outcomes in a ‘risk-free’ simulation environment before they make changes in the real world. Read here.
[Pack, USA, $3M led by Alpaca] Pack is a low-code front-end platform for headless commerce, giving merchants the freedom to build and manage flexible storefronts without dev teams. Read here.
[Boltzbit, UK, $2.1M led by Speedinvest and IQ Capital] Boltzbit has created a platform for businesses to generate AI neural networks without coding expertise. Read here.
WHAT WE’VE BEEN READING 📚
[TechRepublic] How the increasing use of no-code tools has affected people and businesses
82% said they started using no-code tools sometime in the past two years
90% of people surveyed by Zapier believe their company has grown faster thanks to its use of no-code tools
85% of those polled said they plan to use no-code tools more in the coming year
[Openview (Linkedin thread)] PLG isn't a trend
80% of the most promising Enterprise Tech companies have adopted product-led growth (PLG)
79% of software sellers describe themselves as primarily product-led
EXITS 💰
Epicor is to acquire Grow Inc, for an undisclosed amount. A no-code, full-stack business intelligence platform that empowers users – “from the boardroom to the plant floor, warehouse, or store – to make data-driven decisions with easy-to-build, easy-to-use dashboards and interactive visualizations.” Read here.