St. Louis-based locked up an $8 million Series A led by to help grow its no-code app builder platform.
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Other investors in the round included of , of , of , and and . Founded in 2018, the company has raised $9.7 million to date.
Adalo���s platform allows anyone to build their own app ��� with no knowledge of coding needed. The company launched the platform in late 2019 and now has more than 1,000 paying customers ��� ranging in size from startups to enterprise ��� and more than 220,000 users on the platform.
Co-founder and CEO said he believes there will be an explosion of custom apps in the near future, similar to what happened a decade ago with everyone building their own websites thanks to companies like and .
���The no-code space is really hot right now,��� Adkin said. ���What happened with websites 10 years ago is happening with applications and software now.���
Improving business
While Adalo started out selling to smaller businesses, Adkin said now even larger companies with their own software teams use the platform to quickly build apps; normally internal or external communication apps to help replace older tools such as documents and emails.
���Every business today has processes that would be better served if there was software for it,��� Adkin said.
The company plans on using the new funding to add to its 20-person staff ��� possibly getting to 60 in 12 to 18 months, Adkin said. The company also will add new features and content to its platform and create an ���academy��� to help users through the app development process.
While there are low-code options to build applications such as and , as well as more templated platforms like , Adalo differentiates itself by trying to allow users to build simple, but powerful apps, Adkin said.
Foster, founder and CEO of Zapier and an investor, said he loves that vision.
���How many people have an idea or problem that they���d love to build an app for but can���t because it means learning to code?��� he added. ���Adalo gives the power of the 1 percent who can code to the 99 percent who wish they could.���
Illustration: .
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