Netherlands-based Betty Blocks is a web-based ‘no-code application’ development platform that enables its users to develop web applications. In a recent development, the company announced that it has raised $33M (approx €27.97M) in a fresh round of funding.
The round was led by European PE and venture capital investor SmartFin Capital. With this investment, SmartFin Capital founding partner, Bart Luyten, will be joining the investor committee.
Additionally, existing investors, including Morse Investments and NIBC Bank also participated in this round.
No-code application development
Founded in 2016, Betty Blocks enables people from the business-side and IT, to build software together in order to speed up innovation and improve time-to-market. The company says it is built for enterprises that want to allow more people to join the software development process, all in an IT-approved and governed way.
The platform looks to empower a new breed of developer. These business developers (or citizen developers) are employees that do not need to have programming knowledge but understand processes and data. The developers use templates and no-code building blocks to build apps without coding, connect apps to the existing enterprise application landscape, and provide the IT department with more control over shadow-IT.
Chris Obdam, CEO of Betty Blocks, says, “We’re on a mission to unlock the potential of all those new-breed citizen developers within enterprises who really want to get more control over their software needs and to provide IT departments with more control while doing so. All offered on our powerful cloud-native platform, offering the best possible customer experience.”
The company has offices in Alkmaar (NL) and Atlanta (US). Some of its customers include The Dutch National Police, Clifford Chance, TaskUs, and Anglian Water.
With the raised capital, Betty Blocks will expand its operations and further develop the platform. In terms of development, the company plans to include making the platform even easier to use, enhancing the citizen development governance features, introducing more templates, and enriching its Block Store with more standard integrations.
Speaking on the development, Bart Luyten, SmartFin Capital founding partner, says, “ Low-code has been one of the top priorities for our company. No-code for enterprises will be a significant part of the overall software development market and we see Betty Blocks in pole position to become the leading player.”