July 27 (Reuters) – Bubble, a New York based startup that allows non-coders to design and create web applications, said on Tuesday it raised $100 million in a funding round led by private equity firm Insight Partners.
Technology applications for people with little programming experience — known as "no-code" or "low-code" in Silicon Valley — have attracted fresh funding during the pandemic to help overcome a bottleneck created by a surge in e-commerce and the digitization of businesses amid a shortage of coders.
Emmanuel Straschnov, Bubble co-founder, said he and his partner started the company in New York in 2012 as the city was seeing a jump in tech startups but entrepreneurs with expertise in different industries with good ideas were struggling to find programmers to help them launch their companies.
Bubble's platform allows entrepreneurs to build web applications like Airbnb or Twitter without relying on engineers, he said.
Today it has more than 1 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 launch "boot camps" to teach students and others how to use Bubble.
Our Standards: The Thomson Reuters Trust Principles.
Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
PayPal Holdings Inc will allow customers in the UK to buy, sell and hold bitcoin and other cryptocurrencies starting this week, the company said on Monday.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Information, analytics and exclusive news on financial markets – delivered in an intuitive desktop and mobile interface.
Access to real-time, reference, and non-real time data in the cloud to power your enterprise.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2021 Reuters. All rights reserved


Leave a Reply