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    New-York based Impel secures $104 million in growth funding

    New-York based Impel secures $104 million in growth funding

    Metagenomi bags an extra $100 million before closing its Series B

    Metagenomi bags an extra $100 million before closing its Series B

    Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

    Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

    Energy-as-a-Service startup Redaptive secures $200 million from CPP

    Energy-as-a-Service startup Redaptive secures $200 million from CPP

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      New-York based Impel secures $104 million in growth funding

      New-York based Impel secures $104 million in growth funding

      Metagenomi bags an extra $100 million before closing its Series B

      Metagenomi bags an extra $100 million before closing its Series B

      Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

      Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

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      Energy-as-a-Service startup Redaptive secures $200 million from CPP

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      Home SaaS

      Bubble Raises $100 Million in Funding, Plans to Increase Reach

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      USTechTimes Editor by USTechTimes Editor
      July 28, 2021
      Bubble Raises $100 Million in Funding, Plans to Increase Reach

      Bubble facilitates non-coders with tools to design web applications.

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      New York-based technology startup Bubble that facilitates non-coders with tools to design and create web applications raised $100 million. According to a statement released by the company, the funding round was led by private equity firm Insight Partners.

      Founded in 2012 to equip entrepreneurs with programming resources to save on their input costs and help to start their company, Bubble was a bootstrapped startup for around seven years. In 2019 it received $6.25 million in the seed round led by SignalFire along with Neo.

      Besides the significant investors, others investing in the round were several individual entrepreneurs, including the artist Nas and the founders of the unicorns Warby Parker, Harry’s, Allbirds, Okta, MuleSoft and Flatiron Health. Later, New York investors BoxGroup and ThirdKind also joined.

      Bubble’s no-code gaining popularity

      Bubble’s technology application, known as ‘no-code’ or ‘low-code’ designed to assist people with little or no knowledge of coding, is gaining traction by the day. The application has caught the fancy of users who want to build technological platforms sans coding expertise.

      The startup performed well during the pandemic to help overcome a bottleneck created by a surge in e-commerce and the digitization of businesses amid a shortage of coders.

      Emmanuel Straschnov, Bubble co-founder, said he and his partner started the company in New York in 2012. The city was seeing a jump in tech startups. Still, entrepreneurs with expertise in different industries with good ideas struggled to find programmers to help them launch their companies.

      Bubble’s platform allows entrepreneurs to build web applications like Airbnb or Twitter without relying on engineers, he said. Today it has more than 1 million users worldwide and has tripled its revenue in the past year, the company said.

      Straschnov declined to disclose the company’s latest valuation. He said the funding would be used to hire more engineers and launch ‘boot camps’ to teach students and others how to use Bubble.

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      USTechTimes Editor

      USTechTimes Editor

      USTechTimes.com is an independent new media site that focuses on the latest technology and digital news in the United States and around the world. The site focuses on new startup launching, startup funding, and development in the startup space.

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