Total amount raised
$15.7 Millions
Latest funding date
1/1/2022
Location
Softr has successfully raised significant funding through multiple rounds, with its latest being a Series A. The platform offers a no-code solution for building custom business software, making it accessible for users without technical expertise.
Keep reading to explore the details of Softr's funding journey and the investors who are backing this innovative platform.
What Is Softr?
Softr, founded in 2019 by Artur Mkrtchyan and Mariam Hakobyan, is based in Berlin, Germany. The company specializes in providing a no-code platform that allows users to create custom business applications without needing to write code.
With a team of 11-50 employees, Softr connects to various data sources like Airtable, Google Sheets, and Notion, enabling the creation of client portals, CRMs, and other business tools. The platform is designed to be accessible for users without technical expertise, making it a versatile solution for modern business needs.
For more detailed information, you can visit their Crunchbase profile or their official website.
How Much Funding Has Softr Raised?
- Seed Round
- Amount Raised: $2.2M
- Date: January 2021
- Lead Investors: Atlantic Labs
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand the team.
- Non-Equity Assistance
- Date: March 2021
- Lead Investors: Google for Startups
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To gain strategic support and resources from Google.
- Series A
- Amount Raised: $13.5M
- Date: January 2022
- Lead Investors: FirstMark
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand data source support, create a template marketplace, and launch a component marketplace.
Total amount raised: $15.7M. Current valuation: Not publicly disclosed.
Key Investors
- FirstMark Capital
- Details: FirstMark Capital is a venture capital firm based in New York City. They invest in early-stage technology companies.
- Investment Focus Areas: Software, consumer, healthcare
- Notable Investments: Pinterest, Shopify, Riot Games
- Google for Startups
- Details: Google for Startups provides resources, programs, and support to help startups grow. They offer mentorship, training, and access to Google’s network.
- Investment Focus Areas: Technology, software, innovation
- Notable Investments: Not publicly disclosed
- Atlantic Labs
- Details: Atlantic Labs is a Berlin-based venture capital firm. They focus on early-stage startups across various sectors.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: SoundCloud, GetYourGuide, Clue
- Christian Reber
- Details: Christian Reber is the cofounder of Wunderlist, a task management app acquired by Microsoft. He is also an angel investor in various tech startups.
- Investment Focus Areas: Technology, software, productivity
- Notable Investments: Wunderlist, Pitch, Notion
What's Next for Softr?
Softr stands at the cusp of significant growth, driven by the expanding no-code/low-code movement. With plans to broaden its data source support and launch both a template and component marketplace, the platform is poised to attract a wider user base. The no-code market's rapid expansion, fueled by a shortage of engineering talent, presents a substantial opportunity for Softr to become a key player in the industry.
Future fundraising efforts are likely to focus on enhancing platform capabilities and scaling market reach. However, Softr will need to navigate challenges such as competition from established no-code platforms and the need to maintain user-friendliness while adding advanced features. The company's ability to address these challenges will be crucial in sustaining its growth trajectory.
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