202227 Apr

Berlin-based B2B low-code SaaS platform Ninox raises another €8 million for the continued expansion

Summary

Expanding the already extensive partner network supporting customers more than ever before in the initialization or implementation of Ninox projects, growing its market share in the DACH region first, and focusing on internationalization in Western Europe and North America. Founder and IT specialist Frank Böhmer remarked “Companies are faced with the choice of either using inflexible 1 standard software or investing in expensive, lengthy in-house developments with uncertain results. I wanted to change that with Ninox and create a system that is so easy to learn that end users in the company can use it to develop their own solutions – without programming knowledge and long training periods.” According to the US market research institute, Gartner “low-code” is one of the most important technology trends worldwide. In order to sustainably implement its growth strategy, the Berlin-based start-up has now brought on board two more renowned European VC investors, Hi Inov and VI Partners. Where in the past people improvised with various tools and Excel spreadsheets on a departmental and task-related basis, Ninox now uses lean, cost-effective software solutions that are precisely tailored to the individual requirements of the companies.

Source: Eu-startups

Funding

$8.49M
Amount
Apr 27 2022
Date
-
Investor
Ninoxdb
Company

Classifications

Companies