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The Quick Race Towards No Code.

The Quick Race Towards No Code.
April 27, 2021

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No-code development essentially is the method of building applications without the need to or skill to write code. The companies that have developed no-code platforms make it easy to create advanced applications using drag-and-drop features through pre-configured blocks.

Why no-code? 
Aside from the benefit of just being easier to use, no-code platforms have made it easier for business and IT professionals to make the best of their skills, speed up prototyping and bring products to market, as well as make it easier for business-side employees like marketers to provide insight into the software development process compared to traditional programming processes where business and IT often do not overlap.

The future of no-code
No-code is driving the future of rapid application development at a time when there aren’t enough software developers to meet the high demands of application development. By empowering more people beyond the IT department to create simple but professional applications, the companies who develop no-code platforms have been able to grow their business significantly. This idea extends beyond purely website development to automation of processes. 

Six private companies in no-code

  • Automattic is the company notably behind, one of the most popular website builders as well as Tumblr, which it acquired in 2019. The company is responsible for the content management platforms that power many blogs and news sites.
  • Bubble is a provider of a visual programming platform that allows users to create web applications with no coding experience. Its platform handles the infrastructure and DevOps automatically.
  • Zapier automates workflows without the need to know code through simply setting up triggers for tasks, such as if a payment doesn’t go through or an alert is sent. The company raised a new round of undisclosed funding from Sequoia Capital in January this year.
  • Airtable puts the power of a flexible database into the hands of creators and enables teams to model the things they work on, define relationships between things, and create views explicitly tailored to their work. They’ve replaced spreadsheets and older project management tools and have raised two rounds during the pandemic.
  • Webflow helps users build responsive and dynamic websites without knowing how to code. Its Round B funding of $140MM  in January helped it join the unicorn club. 
  • Unqork focuses on finance and insurance companies, equipping them with a no-code enterprise application platform. The New York-based company raised two rounds of funding in 2020, also elevating it to unicorn status.
Gopuff tripled revenue last year
Online delivery service Gopuff expects to triple revenue again this year and rapidly expand but what are its challenges?
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Brex more than doubles valuation in a year
The fintech company Brex closed a Round D of $425MM and doubled its value.
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Since last week, PrivCo has added:
655 Companies | 201 Funding Activities | 111 M&A Deals

Funding & Deal Highlights:

Brex raises $425MM led by Tiger Global Management
Fintech Software & Internet Services • Round D • San Francisco, CA

Deep Instinct raises $100MM led by BlackRock
Cyber Security Software & Internet Services • Round D • New York, NY

BigID raises $100MM co-led by Salesforce Ventures and Tiger Global Management
Commercial Products & Office Supplies • Round D • New York, N

Archipelago Analytics raises $34MM led by Scale Venture Partners
Fintech Software & Internet Services • Round B • San Francisco, CA

Fintor raises $2.5MM 
Fintech Software & Internet Services • Seed • Los Angeles, CA

Purespectrum raises $17MM led by Arthur Ventures
Data Collection Software & Internet Services • Round B • Westlake Village, CA

Leo AR raises $3MM
AR Software & Internet Services • Seed • San Francisco, CA

Daitaku raises undisclosed funds from Snowflake Ventures
Analytics Software & Internet Services • Equity • New York, NY

The Expert raises $3MM
Interior Design Software & Internet Services • Seed • West Hollywood, CA

Corso Technologies raises $2MM led by Global Founders Capital
Climatech Software & Internet Services • Seed • San Francisco, CA

RippleMatch raises $23.5MM led by Invus Opportunities
Human Resources Software & Internet Services • Equity • New York, NY

Injective Protocol raises $10MM
Finance Software & Internet Services • Equity • New York, NY

MANTL raises $40MM led by CapitalG
Fintech Software & Internet Services • Round B • New York, NY

Class Technologies raises $12.2MM 
Edtech Software & Internet Services • Equity • Washington, DC

VieCure raises $25MM led by Northpond Ventures
Oncology Software & Internet Services • Round A • Denver, CO

Catch&Release raises $14MM led by Accel
Advertising Software & Internet Services • Round A • San Francisco, CA

Small Door raises $20MM led by Toba Capital
Veterinary Health Care Services • Round A • New York, NY

Panasonic completes acquisition of Blue Yonder for $7.1BN
Supply Chain Management Software & Internet Services • Acquisition • Scottsdale, AZ

Alpine Investors acquires Aspira 
Software & Internet Services • Acquisition • Dallas, TX

SmartRent merges with Fifth Wall Acquisition Corp. I for $2.2BN
Proptech Software & Internet Services • SPAC • Scottsdale, AZ

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