The web application development platform raises funds to fuel its mission of building powerful web apps without code, following exponential growth and adoption
Bubble, the open-ended visual programming platform that lets people build and launch web applications without code, announced that it has closed a $100 million Series A round led by global venture capital and private equity firm Insight Partners. Existing investors SignalFire, Neo, BoxGroup, and ThirdKind also joined the round, accompanied by Betaworks, a NYC-based startup studio and early stage venture firm, and notable angel investors including the founders of Datadog, Peloton, and Hootsuite. This latest round of funding will let Bubble improve the platform’s scalability to support newly-formed and scaling startups from MVP to IPO and expand educational initiatives to empower customers to build web platforms affordably.
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This year has shown us that no-code tools like Bubble can create opportunities for people who otherwise couldn’t create software themselves.
Bubble’s no-code platform empowers people without programming skills to design and launch their own digital apps, marketplaces, or tools for solving their business problems. Bubble’s digital editor and cloud-hosted platform allows users to launch a web application for as low as $29 per month, as opposed to spending on average between $200,000-300,000 of dollars per year on engineers. Bubble serves more than 1 million users worldwide, has processed over $1 billion in business volume on its users’ applications, and tripled its revenue in the past year, leading Bubble to be honored as one of Fast Company’s Most Innovative Companies of 2021.
“This year has shown us that no-code tools like Bubble can create opportunities for people who otherwise couldn’t create software themselves,” said Emmanuel Straschnov, Bubble founder and co-CEO. “Bubble is still the only comprehensive tool that lets you build the next Airbnb or Twitter without relying on engineers.”
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Prior to Bubble’s seed round of $6.5 million in June 2019, Bubble’s two founders, Josh Haas and Emmanuel Straschnov, bootstrapped the company for seven years, growing solely based on revenue. This latest round of funding will also allow Bubble to further invest in its programs with universities and diversity & inclusion, such as the Immerse pre-accelerator for Black and underrepresented founders of color which launched in 2020.
“Bubble was one of the earliest no-code web app tools on the market and remains one of the most mature in terms of functionality and ecosystem,” said Ryan Hinkle, Managing Director at Insight Partners, who will be joining Bubble’s Board of Directors. “We are excited to help accelerate Bubble’s growth and reach more early-stage founders, startups, and businesses who want to build apps quickly and affordably.”
Notable startups built on Bubble include personal finance app Qoins, which raised $1.5 million in seed funding, career platform Teal, which raised $5 million, and solar financing company Dividend Finance, which raised $365 million in venture funding.
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