Low Code Future: No. 19
What happened in September 2022? Over $160 Million invested in LowCode/NoCode, across 12 companies.
Look’s like we reached a plateau, and for the third month in a row, there were no $100M+ rounds (not even a $50M one this month).
LCNC startups are on track to raise a slightly lower amount of capital than 2021, but certainly more companies funded (121 rounds this year, vs 106 in 2021).
DEALS 💸
Do you want to see all (500+) investors? You can now browse our Airtable: https://airtable.com/shrfSFmtN5aYYCfk9
[Tray.io, USA, $40M led by Canada Pension Plan Investment Board (CPP Investments)] Tray.io is a low-code automation platform that can turn business processes into repeatable and scalable workflows that evolve whenever business needs change. Read here.
[Signzy, India, $26M led by Gaja Capital] A No-code Workflow Digitalization’ platform and solutions for global banking and financial services clientele. Read here.
[Toqio, UK, $20M led by AlbionVC] Toqio itself says it allows businesses to embed financial solutions in a matter of days, removing the need to build and manage complex software in-house. Read here.
[Uiflow, USA, $15M led by Addition and Transpose Platform] Uiflow is a no-code platform for developers to build both the UI and logic of web apps visually. Read here.
[Noble, Israel, $18M led by Insight Partners] Noble provides a platform that enables companies to quickly build, launch, and scale credit products and manage the entire underwriting flows end-to-end without building APIs integrated into their offerings. Read here.
[ELISE, Germany, $14.8M led by Spark Capital] Elise makes engineering more accessible for teams with a low code platform that allows for connected, digital, and automated product development. Read here.
[Zilla Security, USA, $13.5M led by Tola Capital and FirstMark Capital] Zilla delivers cross-organizational access visibility and reviews, risk detection, continuous change tracking, and the ability to automatically remediate the drift in permissions that occurs over time. Read here.
[Xtype.io, USA, $5.8M led by Columbia Capital] XType is a DevOps platform that accelerates the development of low-code applications built using ServiceNow. Read here.
[Pattern Health, USA, $3.3M led by Dr. William H. Joyce Family Office] Pattern provides a no-code platform to help clinicians and researchers create digital health programs like apps, clinical decision support tools and surveys. Read here.
[Sceneri, USA, $1.5M led by SNÖ Ventures] Sceneri is a new platform for creating, playing, and sharing user-generated games on mobile and desktop. Read here.
[Bekonix, USA, $1.3M led by Moneta Ventures] Bekonix is a no-code SaaS company developing a platform to design and build smart-connected hardware-software products, and IoT devices. Read here.
[Insly, UK, $1.1M led by Fund Fellow Founders] Insly is an insurtech startup that enables insurers, MGAs, brokers, and underwriters to digitize and automate their mid and back-office operations, including distribution, policy administration, underwriting, claims, and reinsurance. Read here.
WHAT WE’VE BEEN READING 📚
[ResearchAndMarkets] Global Low-Code Development Platform Market Value Poised to Hit $190.79 Billion by 2030
[Nasscom] India’s low code no code market stands at $400 million, can touch $4 billion by 2025
[ChinaBriefing] LCNC Industry in China: Opportunities for Foreign Investors
The low-code/no-code market in China could reach US$1.4 billion by 2024
58 percent of China’s software technology and business decision-makers now adopt low-code platforms in their application development process
low-code accounts for 86 percent of the overall market share, while no-code accounts for 14 percent
[IoT for All] How 5G, IoT, & Low-Code Development Works Together (20mins Youtube video)