BRYTER raises $16m Series A
BRYTER, the no-code automation platform that enables anyone to build professional business applications, today announces a $16 million Series A funding round.
The investment round was led by leading enterprise software venture capital firms Dawn Capital and Accel, which led the seed round in 2019. Also participating in the round were existing investors Notion Capital and the fund of SaaS veteran Mike Chalfen of Chalfen Ventures.
Founded in 2018, BRYTER is the leading no-code platform for business expert knowledge. While digital transformation and automation reshape industries at a rapid pace, the need for coding resources is often a barrier for companies who increasingly depend on software to succeed.
BRYTER helps all business experts within global organisations – from the likes of McDonald’s and Telefónica, to leading professional service firms PwC, KPMG and Deloitte in Europe, as well as banks, healthcare and industrial enterprises to build their own applications, develop virtual assistants, chatbots, self-servicing applications and other intelligent automation tools, with no programming skills or experience necessary.
BRYTER drives down time and development costs to a fraction of what they would normally be. Lowering the barrier to entry for the development of digital applications unleashes an enormous potential for business professionals to digitise tasks, decision-making processes and repetitive reasoning, spreading knowledge and efficiency across corporations in days. BRYTER has seen engagement with its platform double since the outbreak of Covid-19.
BRYTER’s CEO and co-founder, Michael Grupp said: “Building on our early momentum in the compliance and legal markets, this funding round will allow us to bring our enterprise no-code platform to more customers both in additional geographies and industries, and power our momentum for continued international growth.
“And we are thrilled to receive such high-skilled experience and support helping us achieve this.”
Evgenia Plotnikova, Partner at Dawn Capital, said: “To drive automation at scale throughout the modern enterprise, IT needs to transform ‘citizens’ into developers. BRYTER makes that step easy and seamless: any professional can now build software tools, tackling the most challenging processes and decisions. BRYTER was founded just two years ago and has already made rapid progress.
“We at Dawn are hugely excited to witness the growth ahead as the business continues to scale globally.”
Luca Bocchio, Partner at Accel said: “We’re delighted to be doubling down on our early investment in BRYTER with this round. We’ve been impressed with the impact BRYTER has already had, in such a short space in time, in unleashing the potential for business experts to participate in digital transformation without the need for specific programming skills.
“We’re excited to see the company continue its rapid growth and increased adoption amongst blue-chip global enterprise customers.”
The capital will be used to accelerate BRYTER’s international expansion, particularly in the US, and help enable international adoption across its growing global customer base.