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. This is Capital Mills’ first investment in a German company.
This new round builds upon the success of the previous seed round closed in 2023, bringing the total amount raised by the company to €2M.
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.
Sven Pietsch, CEO at Innoloft, says, “From the start, our partnership with Capital Mills has been incredibly positive. The investment process was fast and smooth, reflecting our shared mindset. 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.
Innoloft: Making coding simple
Led by Sven Pietsch, Innoloft is on a mission to make coding as easy as PowerPoint.
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.
The company’s technology reduces development times from months to hours and costs from tens of thousands to hundreds of euros.
More than 70.000 end users are taking advantage of software solutions built on LoftOS.
The investor
Capital Mills is a Dutch venture capitalist backed by a group of 60 experienced entrepreneurial investors.
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.
The Dutch VC focuses on long–term collaboration and actively supports its 20 portfolio companies.
Barry de Kock, Investment Manager at Capital Mills, says: “Capital Mills is excited to partner with Innoloft. We believe Innoloft has a great team that has built an innovative and intuitive no-code solution that has the potential to capture an ever-growing market. Furthermore, we are very proud that Innoloft is our first German portfolio company.”
Read the orginal article: https://siliconcanals.com/news/startups/dutch-capital-mills-invest-in-innoloft/
