Budibase closes six figure investment round with Techstart Ventures

Tue 28th January 2020

Budibase closes six figure investment round with Techstart Ventures

BELFAST, January 28th, 2020

Budibase is one of the world’s most highly anticipated low-code platforms. The platform lets users build web applications without writing code. Instead users are presented with an intuitive UI where they can build their web application by simply clicking. The intuitive design greatly reduces the time it takes to build a web application. With Budibase, users build web applications in days, not months, heavily reducing development costs.Traction continues to grow, with over 700 people signing up to Budibase on a monthly basis. Close to 5,000 sign-ups await its release later this year, including professionals from Formula 1, Phillips, Deloitte, Swiss, and Samaritans.

The Techstart Ventures investment will enable Budibase to build a community, develop its low code platform, and deliver immense value to its users.

Budibase CEO, Michael Shanks, said: “We are incredibly excited to have TechStart on board as an investor. We’ve spent two years building Budibase to be the most comprehensive platform for building web applications. What would take companies months or even years to implement with a cutting edge web stack is trivial to build with and deploy on Budibase. Techstart’s investment will allow us to find product market fit, grow our community and deliver on an ambitious technical roadmap.”

Techstart Investor, Ryan McAnlis, said: “We are thrilled to have joined Budibase on their journey as they grow into a major player in the low-code market. Budibase brings together a great team and cutting-edge technology to solve a critical problem in a rapidly growing market. Web development is an area that is long overdue for the kind of innovation that Budibase is providing. Their low code platform and global ambitions hold the potential to create an exciting, scalable business.”

For further information, please contact Joseph Johnston:

joe@budibase.com

+44 (0)7718 904774

www.budibase.com

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2 Walker Street, Edinburgh EH3 7LB
Techstart Ventures LLP is authorised and regulated by the Financial Conduct Authority.
Techstart Ventures LLP is a member of the Pentech Ventures LLP Network