Thunkable Announces 3M+ Users and $30M in Series B Funding
Round is led by Owl Ventures to improve the company's enterprise capabilities, drive the certification of individuals and curriculums, expand integration ecosystem, and more
SAN FRANCISCO, April 5, 2022 /PRNewswire-PRWeb/ -- Thunkable, the leading global no-code mobile app development platform, today announced a $30 million Series B round of funding. The round was led by Owl Ventures, the world's largest edtech focused venture firm who recently raised over $1 billion in new funds for global investments, with previous investors Lightspeed Venture Partners, NEA, PJC, and others joining the round, as well as new investors including superstar DJ and investor Diplo, Sky9 Capital and more.
Thunkable's Chief Executive Officer Arun Saigal and Chief Technology Officer WeiHua Li have been leading the charge on app development for over a decade, which led to the inception of Thunkable in 2016. The pair met at MIT working in the lab that developed the App Inventor project, an early technology allowing for easy app development. With this funding round, the company plans to improve their enterprise capabilities, develop a marketplace and advocacy for creator communities, and drive the certification of individuals and curriculums.
"Thunkable is honored to be supported by such a rich collection of investors, who are joining our shared vision to continue growing the no-code app development community, " Saigal said. "It's an immense privilege to earn their support and partnership during this critical period of growth for our company. But while we're thrilled by our investors' confidence, we also recognize that we've only just scratched the surface of what our team can accomplish."
"The future is a world where creators are empowered to make a change, and at Thunkable we're building the tools to enable just that. As we build upon a decade of innovation, this capital will further extend our reach and help even more entrepreneurs, businesses and even students across the globe reimagine native app development," he said.
From its simple no-code structure to intuitive design choices and inputs, Thunkable has made app development easy for its 3M+ users and has equipped more than 40 percent of Fortune 500 companies with its platform. And with millions of next generation tech builders as early adopters, this latest funding will spur the continued growth and potential of this innovative company.
"We are very excited to partner with the Thunkable team because they have created a truly comprehensive and robust no-code platform that can empower a wide variety of institutions and individuals to turn their ideas into custom native mobile apps," said Amit Patel, Managing Director at Owl Ventures. "From students learning computer science concepts to enterprises empowering employees to accelerate innovation, Thunkable is making app creation more accessible in a world where the majority of web traffic is coming from mobile devices and mobile apps are expected to play an even more critical role in global online activity."
To learn more, visit http://www.thunkable.com.
About THUNKABLE
Thunkable is a no-code platform that lets users build native mobile apps for every major operating system without having to write a single line of code. The company's drag-and-drop interface makes it simple for creators to quickly bring their ideas to life, regardless of technical experience. With extensible integrations, open APIs, and advanced editing capabilities, users can create a powerful app in days, not months, and publish it directly to app marketplaces. Incubated at Google and MIT, Thunkable is changing the way people build apps by making native development accessible to everyone. To learn more, visit http://www.thunkable.com.
About OWL VENTURES
Owl Ventures is the largest venture capital fund in the world focused on the EdTech market with over $2 billion in assets under management. The Silicon Valley based firm invests in the world's leading education technology companies across the education spectrum encompassing PreK-12, higher education, future of work (career mobility/professional learning), and "EdTech+" (intersection of EdTech and other major industries such as FinTech and healthcare). Owl Ventures has deep domain expertise and leverages a global network of Limited Partners, investors, and strategic partners to help entrepreneurs scale their businesses into transformative category leading companies. Learn more at http://www.OwlVC.com.
Media Contact
Nicole Barbosa, Thunkable, 419-764-9705, [email protected]
SOURCE Thunkable
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