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Modular app-building platform raises $250 million Series D funding

Recently we reported that had signed a strategic collaboration and undisclosed investment with Microsoft. Builderall’s “Natasha” AI will be available to Teams users soon. But it appears the startup is on something of a roll.

Now it has announced Series D funding of $250 million led by Qatar Investment Authority (QIA). The Series D round included participation from additional existing and new investors including Iconic Capital, Jungle Ventures and Insight Partners.

This means that has now raised a total of over $450 million and boasts 2.3x revenue growth.

The company says it’s now going to focus on employing human interaction to allow people to build apps on its platform, rather than “expert-laden white-canvas systems” that are no-code/low-engineering. are specific to the code space.

The company now has offices in UK, USA, UAE, Singapore and France.

Founder and CEO Sachin Dev Duggal said in a statement: “We are entering an incredible time in history where the perception of software is changing; From something that had a shelf life of years to what will eventually be a shelf life of conversation and the amount of what is being made is only going to grow exponentially.

“We are confident that’s innovative technology and proven approach position the company for substantial growth in the future. This investment aligns with QIA’s strategy to support innovative companies shaping the future of the global economy.

Founded in 2016, offers both small and large businesses the ability to build a web or native mobile app in a modular fashion. It has partnerships with JPMorgan & Chase, Etisalat UAE and other technology and financial enterprises. It was on the 2023 Fast Company list of Most Innovative Companies and was the winner of 2022 Europas “Scale Up of the Year”.

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