Total amount raised
$106.3 Millions
Latest funding date
July, 2021
Location
Bubble has successfully raised funds through a Series A round, with the last funding round closing on July 27, 2021. The company has garnered the support of 23 investors, including Betaworks and Third Kind Venture Capital.
Keep reading to explore the intricacies of Bubble's fundraising journey and the investors backing this innovative platform.
What Is Bubble?
Bubble, founded in 2012, is a no-code development platform that enables users to create customized web and mobile applications without traditional coding. The company is headquartered in New York, New York.
Founded by Dante Richardson, Emmanuel Straschnov, and Josh Haas, Bubble has grown significantly since its inception. The platform offers tools that allow users to modify their applications to meet various functional needs.
With a team of 101-250 employees, Bubble continues to innovate in the no-code development space, making app creation accessible to a broader audience.
How Much Funding Has Bubble Raised?
- Seed Round
- Amount Raised: $6.3M
- Date: June 2019
- Lead Investors: SignalFire
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the functionality of the platform and introduce a plugins system that allows the Bubble community to build their own additions to the platform.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: October 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Not publicly disclosed
- Series A
- Amount Raised: $100M
- Date: July 2021
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To improve the platform's scalability, expand educational initiatives, and hire technical talent to build out the product.
Total amount raised: $106.3M. Current valuation: Not publicly disclosed.
Key Investors
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm that invests in high-growth technology and software companies. Founded in 1995, the firm has a strong track record of helping companies scale and achieve significant growth.
- Investment Focus Areas: High-growth technology, software companies, SaaS.
- Notable Investments: Twitter, Shopify, DocuSign.
- SignalFire
- Details: SignalFire is a venture capital firm that leverages data and technology to support its portfolio companies. The firm is known for its unique approach to venture capital, combining traditional investment strategies with advanced data analytics.
- Investment Focus Areas: Technology-driven companies, data, AI.
- Notable Investments: Grammarly, Ro, Frame.io.
- Neo
- Details: Neo is a venture capital firm that focuses on early-stage technology companies. The firm aims to support the next generation of tech entrepreneurs by providing both capital and mentorship.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Figma, Notion, Loom.
- BoxGroup
- Details: BoxGroup is an early-stage investment fund based in New York City. The firm invests in a wide range of sectors, supporting startups from their inception through growth stages.
- Investment Focus Areas: Early-stage startups across various sectors.
- Notable Investments: Warby Parker, Glossier, ClassPass.
- Third Kind Venture Capital
- Details: Third Kind Venture Capital is a venture capital firm that invests in early-stage technology companies. The firm focuses on identifying and supporting innovative startups with high growth potential.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Lyft, Coinbase, Kickstarter.
What's Next for Bubble?
Bubble stands at the forefront of the no-code movement, poised to democratize software development. With a user base exceeding one million and a market potential that could multiply the software engineering market by 100X, the opportunities are vast. The platform's focus on non-technical users and its expanding educational initiatives position it well for significant growth.
Future fundraising seems promising, given the recent $100 million Series A round and the involvement of high-profile investors. However, challenges such as scalability, competition from other no-code platforms, and maintaining affordability could test Bubble's resilience. As the no-code trend gains momentum, Bubble's journey will be one to watch.
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