Check out the 10-page pitch deck this startup, which lets creators make no-code apps, used to raise $30 million in Series B funding
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- Thunkable lets users create no-code mobile apps using a drag and drop visual editor.
- The startup has raised a $30 million series B round, led by Owl Ventures, Lightspeed Venture Partners, and PJC.
- See the key slides from the pitch deck it used to convince investors to back its latest fundraise.
San Francisco-based startup Thunkable raised a $30 million series B round at the beginning of April, which it plans to use to invest in paid marketing, growing its sales team, and further integration with monetization tools.
The company has developed a no-code platform for mobile app development. The visual, drag-and-drop tool also lets users publish an app across both the Apple App Store and the Google Play Store without the need to develop two separate apps.
“The great resignation has happened. Whether it’s TikTok influencers or people with ideas, they’re saying, ‘Hey, why do I need to be a software engineer? If I have an idea, there should be tools that empower me,'” Arun Saigal, Thunkable’s CEO and cofounder, told Insider.
Creators have been using Thunkable to bring their social media audiences off-platform: TikTok artist @auditydraws, who counts 13.4 million followers, used the platform to create a random drawing ideas generator app, for example.
The company charges a monthly or yearly subscription fee to access its app-making platform. When users integrate third-party tools like Stripe or Google AdMob into their apps, Thunkable also collects a share of the revenue from these integrations.
Saigal and his cofounder, CTO WeiHua Li, incubated the idea while at MIT, where they released early prototypes of Thunkable as part of a research project to help people build apps with no code. When they realized that users were not only building apps, but also publishing them, they knew the project had gotten so large they had to “take it outside of academia.”
“That’s what this no-code movement is doing: it is empowering passive consumers to become active creators of the technology that they envisioned.” said Saigal.
The round was led by Owl Ventures, with participation from Lightspeed Venture Partners, JPC, and other VCs. The company has raised $33.6 million in funding to date.
Check out the key slides from Thunkable’s Series B investor deck.