Berlin-based BRYTER, the no-code automation platform that enables business experts to build apps, has raised a $6 million late-seed funding round led by Accel, with participation from Notion Capital and existing investors such as Cavalry Ventures and several angels.
Certain professional fields, such as law, banking, insurance, and tax compliance, struggle to keep up with digital transformation and adopt all the automation that technology has made available. BRYTER wants to give these professionals the tools to build powerful, dynamic apps without any programming. No IT skills are necessary to design, deploy, and analyze custom apps, apps that can function for complex industries at an enterprise scale.
As a result, BRYTER’s SaaS platform gives these fields the time savings of automated technology, plus the cost savings of not developing software in-house or through a third-party.
CEO and co-founder Michael Grupp explained: “Many of the most valuable business professionals and domain experts can’t digitize, scale or let alone automate their knowledge. Existing tools are either targeted at skilled IT experts or do not have the necessary complexity for the legal, financial and compliance industries. BRYTER was developed specifically for these industries. It unlocks the knowledge contained in MS Word and PDFs, and our rapid growth and adoption by the leading industry players speaks to the urgent need for our product in the market."
Since its launch in 2018, the German startup has opened offices in Frankfurt and London and secured some big-name customers, such as PwC Legal in Europe and Accenture in the US.
The new funding, which brings the company's total to $9 million, will go toward continued research and development, as well as the creation of a global customer success strategy to ensure customers (which have vast enterprise operations) can adopt BRYTER as quickly as possible.
Commenting on the investment, Luca Bocchio of Accel said, “The BRYTER team caught our attention early on with the quality of their platform, their unique approach, and the significant market demand for their product. Having backed some of the leading global players in automation and SaaS, we immediately recognized BRYTER’s potential and are thrilled to partner with them to accelerate their early success and scale globally."
Bocchio and Jos White of Notion will join the startup’s board.