Low Code Future: No. 20
What happened in October & November 2022? Over $200 Million invested in LowCode/NoCode, across 22 companies.
Hello my friends, this issue is a joint one because I changed jobs last month (after 7 years) and it’s been extremely hectic :) so this update will include both October and November rounds. In short, the majority of recent LCNC rounds are all <$10 Mil.
The number of rounds YTD is 35% higher VS 2021, but the amount invested is 1Bil short: again, we have seen only ONE round over $50Mil in the last three months.
What else? Europe is gaining pace with an average of 5 deals a month, will it last? :)
DEALS 💸
North America 🌎
[Taktile, USA, $20M led by Index Ventures, Tiger Global] Taktile offers a no-code interface that allows nontechnical employees to build, adjust and evaluate decision flows. Read here.
[NocoDB, USA, $10.5M led by Decibel and OSS Capital] NocoDB is an open-source, no-code database platform that connects to any production data source and transforms it into a smart spreadsheet to allow developers and business users to build no-code applications collaboratively with teams and work directly with live production data. Read here.
[Redbird, USA, $7.6M led by B Capital] The Redbird platform allows non-technical users to automate and unify analytics work without writing code and connects all data sources into a no-code environment for data prep, wrangling, analysis, reporting, and data science, according to a company release. Read here.
[Mason, USA, $7.5M led by Accel] Mason is a commerce engine for sellers around the world to help them sell products online without paying the exorbitant “Amazon tax.”. Read here.
[Directus, USA, $7M led by True Ventures] Directus is building an open data platform that adds an API and no-code app to any SQL database. Read here.
[Popup, USA, $3.5M led by Accel] Popup provides a customisable, no-code ecommerce platform that allows merchants to create, manage and host online stores and build customer journeys through a ‘drag and drop’ visual editor. Read here.
[Scalable Robotics, USA, $M led by ABB] The code-free, point and click solution for industrial robotics. Read here.
[InRule Technology, USA, $M led by Pamlico Capital] InRule Technology is an intelligence automation company providing integrated decisioning, machine learning and process automation software to the enterprise. Read here.
Europe 🇪🇺
[Tines, Ireland, $55M led by Felicis] Tines provides a no-code automation platform for security teams, which delivers automation straight to front-line analysts and operators. Read here.
[Yahaha, Finland, $40M led by Temasek and Alibaba] Yahaha is an immersive, user-generated, low-code gaming platform founded by a group of Chinese gaming vets. Read here.
[Axelor, France, $10M led by Inter Invest Capital] Axelor is the developer of the hybrid Open-Source platform dedicated to business applications that combine a Low code/No-code BPM with more than thirty business applications. Read here.
[Levity, Germany, $8.3M led by Balderton Capital] Levity provides a No-Code AI automation platform that empowers companies to speed up processes, reduce costs and frees people from mundane, time-consuming tasks, allowing them the time and resources for creativity, whatever the level of technical expertise in the business. Read here.
[Budibase, Northern Ireland, $7M led by SignalFire] Budibase is a modern, open source low-code platform for building modern internal applications in minutes. Read here.
[Munch, UK, $1.5M led by Notion Capital] Munch is a website builder, a tool that empowers creators, enabling anyone with a smartphone to build a personalized, functional online store in minutes. Read here.
[Forloop, Sweden, $0.875M led by Rockstart] Forloop.ai is a software startup from Sweden developing an easy-to-use no-code tool for building of processes continously feeding external data. Read here.
[Apiable, Finland, $0.5M led by Icebreaker.vc] With its software, Apiable claims enterprises can establish an own-branded portal for implementing APIs in less than 60 minutes. Read here.
[zebrapass, Germany, $0.13M led by ] zebrapass is a German software startup developing a no-code automation solution for data & notifications going from web 3.0 to web 2.0 for individuals and companies. Read here.
[February, UK, $0.1M led by angels (extension of August 2022 round)] February can quickly generate native apps in multiple languages from a visual interface. Read here.
[Enterspeed, Denmark, $M led by Innovestor] Enterspeed has developed a SaaS solution that makes it easier, faster, and cheaper to replace and update data sources from backend systems. Read here.
RoW 🗺️
[CoverGo, Singapore, $15M led by Noria Capital] CoverGo is the leading global no-code insurance platform for P&C, health, and life, enabling insurance companies to transform digitally in the most flexible, scalable and cost-effective way. Read here.
[Josef, Australia, $3.5M led by OIF Ventures] Josef is a no-code software platform that enables legal professionals to automate common tasks. Read here.
[Hubbler, India, $1.5M led by LenDenClub Alpha] Hubbler is a SaaS product company which helps enterprises manage, digitise, automate and optimise business processes with ease. Read here.
WHAT WE’VE BEEN READING 📚
Two news on no-code NFTs, and two commentaries on public LCNC companies:
[TechTarget] Salesforce moves forward with controversial NFT Cloud pilot
Salesforce NFT Cloud will be a no-code platform that enables users to mint, manage and sell NFTs
NFTs are controversial for numerous reasons, including security concerns, the unregulated nature of NFTs as financial assets and the toll they take on the environment when they're associated with the Ethereum blockchain
Some clothing companies, including Gap and PacSun, have found marketing success with NFTs that tie digital items with real-world garments.
[BusinessWire] Horizen’s No-Code Tokenization Platform, TokenMint, Adds NFT Functionality to Mainnet
[The Motley Fool] Appian and UI Path
UI Path: the good news is the business itself is still growing, but the growth rate is slowing and profitability remains elusive.