Bryter announces $16M Series A investment led by Dawn Capital and Accel

Global News

04
Jun
2020

Editor

BRYTER today announced a $16M Series A funding led by two of the global leading enterprise software venture capital firms Dawn Capital and Accel, who led the BRYTER seed round. Also participating in the round were existing investors Notion Capital and the fund of SaaS veteran Mike Chalfen of Chalfen Ventures.

The capital will be used to accelerate international expansion, particularly in the US, and help enable international adoption across Bryter’s growing global customer base.

Since BRYTER was founded in 2018, the company has developed a best-in-class no-code automation platform designed to quickly build and deliver business expertise. As digital transformation and automation gathers pace in reshaping industries, the need for coding resources is often a barrier for companies who increasingly depend on software to succeed.

BRYTER is supporting all business experts within global organizations – from the likes of  McDonald’s and Telefónica to leading professional service firms PwC, KPMG and Deloitte and banks, healthcare and industrial enterprises – to build their own applications, develop virtual assistants, chatbots, self-service applications and other intelligent automation tools. BRYTER currently counts over 50 customers globally. 

This is all being done without the need for programming skills or experience. BRYTER has focused on providing users with an intuitive platform that enables them to get to grips with using BRYTER in minutes whilst, at the same time, includes a powerful toolset necessary for enterprise-grade industries. Applications can be delivered to end users internally or externally at the click of a button meaning that there are now over 2,000 business applications and workflows have been deployed on the BRYTER platform.

BRYTER has also seen how their platform is reducing the time and development costs to a fraction of what a company would normally spend. Lowering the barrier to entry for the development of digital applications unleashes an enormous potential for business professionals to digitize tasks, decision-making processes and repetitive reasoning, spreading knowledge and efficiency across corporations in days. In fact, recent engagement with the BRYTER platform has doubled since the outbreak of Covid-19.

BRYTER ‘s continuing expansion across the US – the largest software market in the world at $500bn – not only demonstrates their ability to serve the world’s largest organizations but also underlines the astonishing progress the company has made, just two years since their inception.

Michael Grupp, CEO and co-founder said: “Building on our early momentum in the compliance and legal markets, this funding round will allow us to bring our enterprise no-code platform to more customers both in additional geographies and industries, and power our momentum for continued international growth. And we are thrilled to receive such high-skilled experience and support helping us achieve this.”

Evgenia Plotnikova, Partner at Dawn Capital, added: “The software industry was built around automating business processes. Year after year, the biggest, enterprise-wide pain points are prioritized and IT works through the list, never getting close to the long, long tail.  To drive automation at scale throughout the modern enterprise, IT needs to transform ‘citizens’ into developers. BRYTER makes that step easy and seamless: any professional can now build software tools, tackling the most challenging processes and decisions. BRYTER was founded just two years ago and has already made rapid progress. We at Dawn are hugely excited to witness the growth ahead as the business continues to scale globally.”

Luca Bocchio, Partner at Accel said: “We’re delighted to be doubling down on our early investment in BRYTER with this round. We’ve been impressed with the impact BRYTER has already had, in such a short space in time, in unleashing the potential for business experts to participate in digital transformation without the need for specific programming skills. We’re excited to see the company continue its rapid growth and increased adoption amongst blue-chip global enterprise customers.”