AppGyver raised €2M in capital investment from Karma Ventures and OpenOcean
AppGyver, a Helsinki, Finland-based company building a business based on a professional no-code platform, announced securing €2 million ($2.2M) in capital investment.
Proceeds will be used to accelerate the development of the company's product, Composer Pro, scale up its international expansion, and grow a developer community of more than a million people.
AppGyver, founded in 2012 by Henri Vahakainu and CEO Marko Lehtimäki, developed a visual app builder platform, Composer Pro, a no-code visual platform for professional app development, whereas users can build production-ready apps for any device without having to write a single line of code. Composer Pro is free for indie developers and small companies with under $10M annual revenue, while the company makes money by charging for an enterprise offering, AppGyver Black.
AppGyver is not profitable, as of 2019, at a sales number of €1.2M and, prior to this round, it raised almost $9 million from outside investors.