‘No-code’ startup Bubble raises $ 100 million in round led by Insight Partners
By Jane Lanhee Lee
(Reuters) – Bubble, a New York-based startup that allows non-coders to design and build web applications, said on Tuesday it had raised $ 100 million in a funding round led by the capital firm. Insight Partners investment.
Technology applications for people with little programming experience – known as “no-code” or “low-code” in Silicon Valley – have attracted new funding during the pandemic to help overcome a bottleneck. bottleneck created by an increase in e-commerce and the digitization of businesses amid a shortage of coders.
Emmanuel Straschnov, co-founder of Bubble, said he and his partner started the business in New York in 2012, as the city saw a surge in tech startups, but entrepreneurs with expertise in different industries with good ideas struggled to find programmers to help get them started. their businesses.
Bubble’s platform allows entrepreneurs to build web apps like Airbnb or Twitter without involving engineers, he said.
Today, it has more than a million users worldwide and has tripled its revenue in the past year, the company said.
Straschnov declined to disclose the company’s latest valuation. He said the funding would be used to hire more engineers and start “boot camps” to teach students and others how to use Bubble.
(Reporting by Jane Lanhee Lee; editing by Richard Pullin)