UK-based no code disruptor Toca secures €2.37 million to bolster its position in the RPA and no code app market
Summary
As a result, Toca will address the problem of data silos between legacy systems and modern applications and APIs, as their technology will combine RPA and direct integration into a single no code platform. Mat Rule, founder and CEO of Toca, stated: “This €2.3 million of funding will enable us to accelerate business growth and build awareness of the transformational capabilities of a no code apps and automation fabric combination. We’ve built the Toca apps and automation fabric to bridge legacy and cloud-native environments and address the integration problems that have plagued IT for decades. This will help organisations shift from using technology to solve just 5% of business problems, to finally address the remaining 95%.” Toca has built strong momentum since it was founded in 2018, achieving more than 257% growth in FY21. The young company has a roster of clients spanning the healthcare, legal, utilities, not-for-profit, retail and tech industries, and is using this new round of funding to strengthen and mature its own internal processes, bolster sales and marketing, and accelerate revenue growth.