Total amount raised
$28 Millions
Latest funding date
1/1/2024
Location
FlutterFlow has successfully raised significant funding through multiple rounds, with its most recent being a Series A. The platform offers a low-code, visual application development environment for creating native mobile and web applications.
Keep reading to explore the intricacies of FlutterFlow's fundraising journey and the investors backing this innovative platform.
What Is FlutterFlow?
Founded in November 2020, FlutterFlow is based in Mountain View, California. The platform was created by Abel Mengistu and Alex Greaves.
FlutterFlow specializes in low-code, visual application development for native mobile and web applications. It simplifies the app creation process with a drag-and-drop interface and supports various backend integrations.
Currently, FlutterFlow employs between 101 and 250 people, reflecting its rapid growth and the increasing demand for its innovative development solutions.
How Much Funding Has FlutterFlow Raised?
- Seed Round
- Amount Raised: $2.5M
- Date: March 2021
- Lead Investors: Gradient
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of the platform and validate the market need for low-code development tools.
- Series A
- Amount Raised: $25.5M
- Date: January 2024
- Lead Investors: Google Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team, enhance product capabilities, and improve marketing efforts. Significant investments in AI are also planned.
Total Amount Raised: $28M. Current Valuation: Not publicly disclosed.
Key Investors
- Google Ventures
- Details: Google Ventures, also known as GV, is the venture capital investment arm of Alphabet Inc. It focuses on funding technology companies at various stages of growth.
- Investment Focus Areas: Technology, life sciences, consumer products
- Notable Investments: Uber, Slack, Nest
- Gradient Ventures
- Details: Gradient Ventures is a venture fund within Google that focuses on early-stage investments in artificial intelligence (AI) and machine learning (ML) startups. It aims to support founders with technical expertise and resources.
- Investment Focus Areas: Artificial intelligence, machine learning
- Notable Investments: Algorithmia, Labelbox, Luminai
- Xoogler Ventures
- Details: Xoogler Ventures is a community of former Google employees who invest in startups. They leverage their experience and network to support new ventures.
- Investment Focus Areas: Startups founded by former Google employees, various industries
- Notable Investments: Lambda School, Benchling, Gusto
- Y Combinator
- Details: Y Combinator is a startup accelerator that provides seed funding, advice, and connections to early-stage startups. It has a strong track record of nurturing successful companies.
- Investment Focus Areas: Early-stage startups, wide range of sectors
- Notable Investments: Airbnb, Dropbox, Stripe
What's Next for FlutterFlow?
FlutterFlow stands at the cusp of significant growth opportunities. With a fresh infusion of $25.5 million from its Series A round, the company is poised to expand its team, enhance product capabilities, and scale its enterprise efforts. The increasing popularity of low-code platforms and the democratization of app development present a fertile ground for FlutterFlow to introduce new features and simplify mobile app creation for businesses.
Future fundraising seems likely as the company continues to grow and innovate, particularly with its planned investments in AI. However, challenges such as competition from other low-code platforms and the need to keep up with rapid technological advancements could pose hurdles. Balancing ease of use with advanced functionalities will be crucial for catering to both novice and experienced developers.
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