Low Code Future: No. 18

What happened in August 2022? Over $220 Million invested in LowCode/NoCode, across 12 companies.

This month the number of deals and capital invested is looking (slightly) upwards again 💪 And guess how many of those $220M were invested in Europe? 0.1% 😅 Yes, it’s fairly well known now, August is a full holiday season for all European investors, and it looks like LCNC is no exception.

DEALS 💸 

Do you want to see all (500+) investors? You can now browse our Airtable: https://airtable.com/shrfSFmtN5aYYCfk9

[Aisera, USA, $90M led by Goldman Sachs Asset Management] Aisera offers a proactive, personalized, and predictive AI Service Experience platform, incorporating AI Service Desk, AI Customer Service, and Ticket AI with Agent-Assist for B2B and B2C organizations. Read here.

[Savana, USA, $45M led by Georgian] Savana delivers next-generation channel and product agnostic customer engagement, account servicing, and automated bank operations through its Digital Delivery Platform. Read here.

[Superblocks, USA, $37M led by Kleiner Perkins, Greenoaks, Spark, and Meritech] Superblocks is a programmable platform for developers to build custom internal tools fast, saving thousands of hours. Read here.

[RegScale, USA, $20M led by SYN Ventures] RegScale delivers continuous compliance automation for heavily regulated industries, freeing organizations from paper via its security and compliance automation software. Read here.

[Sequel, USA, $8M led by Javelin Venture Partners] Sequel provides a no-code solution for live video that uses proprietary technology that allows companies to host webinars and live events directly on their websites, providing a seamless branded experience to their audience. Read here.

[Sofy, USA, $7.75M led by Voyager Capital] Sofy is an intelligent tool that simplifies testing and saves time, increases productivity, and shortens testing cycles. It is powered by machine learning and real devices to let QA teams simplify manual, automated, and robotic testing while saving time and money. Read here.

[Sitemate, Australia, $5.2M led by Blackbird] Sitemate’s no-code platform allows built world companies to digitise and streamline their operating procedures like site diaries, site reports, inspections, permits and more. Read here.

[Datawisp, USA, $3.6M led by CoinFund] Datawisp provides a no-code data exploration platform focused on web3 and gaming, and lets businesses combine their web3 and web2 data to draw unique insights. Read here.

[Datajoin, USA, $3.5M led by Sepio Capital] Datajoin is a SaaS company that allows B2B marketers to integrate their tech stack through ‘Micro Integrations,’ which synchronize customer data between applications in a marketing stack, without code or engineering resources. Read here.

[Humalect, India, $0.75M led by StartupXseed Ventures] Humalect is trying to fill this gap by automating end-to-end DevOps and getting it running in less than 30 minutes. Humalect enables organizations to be Kubernetes ready from their early days. Read here.

[Connectly.ai, USA, $0.35M led by Italian Angels for Growth (IAG)] Connectly.ai, a WhatsApp Business Partner Solution (BPS), is a conversational commerce software focused on simplifying how companies transform customer messages into revenue. Read here.

[February, UK, $0.25M led by SFC Capital] February can quickly generate native apps in multiple languages from a visual interface. Read here.

WHAT WE’VE BEEN READING 📚

[Nasscom] India’s low code no code market stands at $400 million, can touch $4 billion by 2025

[Automation.com] The Third Generation of Low Code

[TechBeacon] 4 Myths of Low-Code Methodology for BPM

EXITS 💰

TIME acquires Brandcast, for an undisclosed amount. Brandcast is a Leading Platform for Building No-Code Enterprise Websites. Read here.

This sums up to 8 exits in the first 8 months, which is a good average, but a bit behind last year (16 in 12 months).