Dutch VC Capital Mills invests in German no-code startup Innoloft

No-code startup Innoloft has raised €2mn in a brand new funding spherical led by Dutch VC agency Capital Mills. This marks the agency’s first funding right into a German firm.

Innoloft’s no-code platform permits companies to construct net functions with none programming information.

Based in 2019, the startup now counts over 70,000 end-users and contains clients reminiscent of Deutsche Telekom, Aachen College, and German state governments.

With the brand new funding, Innoloft plans to speed up product improvement and broaden its person base.

TNW Convention – Are you an investor? This message is for you!

Meet with the most well liked startups and uncover your subsequent enterprise on June 20-21. Hurry! Value enhance Could 17.

Being a B2B software program firm, the startup falls nicely below Capital Mills’ funding focus. The VC agency gives two kinds of funding: revenue-based financing (as much as €1.25mn) and fairness (as much as €2.5mn).

Backed by over 60 traders, Capital Mills has participated in 40 funding rounds and counts 19 firms in its portfolio. These embody end-to-end gross sales and advertising and marketing platform Convious in addition to Mopinion, which offers suggestions software program for enterprises.

With its newest funding, Capital Mills faucets the no-code motion.

“We consider Innoloft has an incredible staff that has constructed an modern and intuitive no-code answer that has the potential to seize an ever-growing market,” Barry de Kock, funding supervisor on the VC agency, mentioned.

One of many themes of this yr’s TNW Convention is Enterprise: Present Me The Cash. If you wish to go deeper into what it takes to get your startup funded, uncover the subsequent firm to again, or just expertise the occasion (and say hello to our editorial staff), we’ve acquired one thing particular for our loyal readers. Use the code TNWXMEDIA at checkout to get 30% off your enterprise go, investor go or startup packages (Bootstrap & Scaleup).