Dutch VC Capital Mills’ first German investment: Innoloft secures funding to make coding as easy as PowerPoint
Summary
Aachen, Germany-based Innoloft, a no-code startup, announced on Wednesday that it has secured investment in a fresh funding round led by Dutch VC Capital Mills, with participation from existing shareholders. The investment will enable Innoloft to accelerate its product development, reach out to a wider audience, and establish itself as a pioneer in the no-code movement. This investment validates our goal of democratising software development and making it as easy as using PowerPoint.” “With Capital Mills’ support, we feel well-prepared to take the next steps in empowering individuals and businesses to unlock their full potential through the power of no-code technology,” adds Pietsch. The company’s no-code platform, LoftOS, enables individuals to create complex web applications such as networks, marketplaces, or internal tools without any programming knowledge. Capital Mills invests both with equity and revenue-based financing, in fast-growing B2B software companies with state-of-the-art technology and ambitious founders.