Bubble recently secured a $100 million fund from Insight Partners. The company plans on using the funds to help other startups and education institutes. (Image Credit: Bubble)
What a buzzword - nocode.
Bubble, an NYC-based startup that allows people to create and launch web applications through a click-and-drop user interface, raised $100 million in a Series A funding round led by Insight Partners. These funds are expected to increase the company’s scalability, intended to support new startups ranging from MVP to IPO. It also focuses on providing growth for educational initiatives so customers can develop web platforms at an affordable cost.
That may seem like a significant amount, but that’s only because of Bubble’s history as a bootstrap company. Emmanuel Straschnow and Josh Haas, co-founders of Bubble, worked on the product for seven years before obtaining a $6.5 million seed round in June 2019 from SignalFire.
Since then, Bubble has provided more functionality for its users. An absent feature could potentially prevent application development through its platform. The company even integrated a plugin system, allowing users to create and add their tools to the platform. The platform’s growth also coincided with the 2020 pandemic, when people aimed to develop new skills while improving their prospects amid a harsh job market. During this time, Bubble saw a huge boost in popularity, and its revenue tripled over the past year.
Over the past eight years, the platform has helped people form their own startup companies. Bubble proposes that many venture-backed companies could undergo development through the company’s platform without relying on an engineering team writing code from scratch, which is expensive.
Bubble also wants to use the funds to invest in education. Even though the nocode tool is easy to use, designing a web application can be challenging, especially for new users who don’t have the technical skills. As a result, the company’s goal is to produce videos and documentation while heavily investing in partnerships with universities so more students can use the platform.
Ever since the pandemic began, Bubble’s team grew from 21 employees to 45 today. They are based in New York City, but the company operates remotely. So far, it has hired employees residing in 15 states and France. Additionally, the company wants to use its funds to hire technical talent focused on improving the product.
It sounds like a no-code interface, powered by some exceptional coding on the backend. I want to see something super visual like their effort in the embedded space.
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