– GERMANY, Berlin – BRYTER, the german leading no-code platform to automate expert knowledge, announced a $16 million Series A funding led by its seed round investors, Dawn Capital and Accel alongside other existing investors Notion Capital and the fund of SaaS veteran Mike Chalfen of Chalfen Ventures.
The capital will be used to accelerate our international expansion, particularly in the US, and help enable international adoption across our growing global customer base.
CEO and co-founder, Michael Grupp commented: “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: “The software industry was built around automating business processes. Year after year, the biggest, enterprise-wide pain points are prioritized and IT works through the list, never getting close to the long, long tail. 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.”
BRYTER is the leading no-code platform to automate expert knowledge. The intuitive toolbox enables professionals to build, manage and sell interactive applications without programming skills. It helps consulting and law firms, banks, corporates and public bodies across the globe to digitize and scale their services. BRYTER is especially geared towards experts in law, finance, tax and compliance, who work with complex, conditional and scenario-based content, to automate recurring and standardizable decision-making processes. BRYTER operates offices in Berlin, Frankfurt and London. The software currently supports professionals in more than 50 international law, consulting and accounting firms, corporates and public bodies with the automation of professional decision-making. Amongst its customers are ING, PwC, Deloitte, BakerMcKenzie and TaylorWessing.
For more information: https://bryter.io
Dawn is Europe’s largest specialist B2B software investor, with assets under management of $550m. The firm partners with innovative companies that, through exceptional teams, products and business models can become category-defining, global titans. Dawn is an early-stage investor, backing companies at series A and B, and continuing to fund the best-performing from growth rounds through to exit. Its roster of investments includes Mimecast (now NASDAQ-listed with a $2.5bn market cap), iZettle (sold to PayPal for $2.2bn cash), Collibra, Showpad, Dataiku, Templafy, Quantexa, Garrison, and Tink, amongst others.
Accel is a global venture capital firm that partners with exceptional founders with unique insights, from inception through all phases of private company growth. Arista, Atlassian, Braintree, Celonis, CrowdStrike, Deliveroo, DJI, Dropbox, Etsy, Facebook, Flipkart, Freshworks, Jet, Kayak, Lynda.com, Qualtrics, Rovio, Slack, Spotify, Supercell, Swiggy, Tenable, UiPath, and Venmo are among the companies the firm has backed over the past 35+ years. The firm seeks to understand entrepreneurs as individuals, appreciate their originality and play to their strengths. Because greatness doesn’t have a stereotype.
For more information: https://www.accel.com
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.