Bryter secured $16M in Series A funding round backed by Accel and Dawn Capital

0 Comments
Bryter

Bryter, a Germany based no-code automation platform that allows users to build professional business apps, secured $16 million in Series A funding round.

Bryter is founded by Michael Grupp in the year 2018. It offers a no-code platform enabling experts to automated decision making. The toolbox enables professionals to build, manage, and sell interactive applications, without the need for programming skills. To date, the company has secured a total of $23M in three funding rounds, according to CrunchBase.

The company serves consulting firms, public administration, banks, and corporates across the globe to digitize and scale their services.

Executive Opinion

Michael Grupp, the CEO, and co-founder, Bryter, said, "Building on our early momentum in the compliance and legal markets, this funding round will allow us to bring our enterprise no-code platform to more customers both in additional geographies and industries and power our momentum for continued international growth. And we are thrilled to receive such high-skilled experience and support helping us achieves this."

Evgenia Plotnikova, Partner at Dawn Capital, said, "The software industry was built around automating business processes. Year after year, the biggest, enterprise-wide pain points are prioritized, and IT works through the list, never getting close to the long, long tail. To drive automation at scale throughout the modern enterprise, IT needs to transform ‘citizens’ into developers. BRYTER makes that step easy and seamless: any professional can now build software tools, tackling the most challenging processes and decisions. BRYTER was founded just two years ago and has already made rapid progress. We at Dawn are hugely excited to witness the growth ahead as the business continues to scale globally."

Bryter's Latest Funding

The Accel and Dawn Capital led the latest funding round. Other investor participants include  Notion Capital, Mike Chalfen of Chalfen ventures.

The company, as of now, has plans to use the new funds to expand its international business outreach with a focus on the US.  Bryter also intends to enable its no-code automation platform adoption internationally. 

Bryter's client base includes the Taylor Wessing, PwC, Baker McKenzie, ING, and Deloitte.

PC: Pablo, Unsplash

Note: We at TechSutram take our ethics very seriously. More information about it can be found here.
Udit Agarwal Opinions expressed by techsutram contributors are their own. More details
Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

No comments:

Post a Comment

    Your valuable comments are welcome. (Moderated)