No-Code Platform Unqork Raises Additional $51M in Extended Series B

by Gordon Gottsegen
February 26, 2020
Unqork. | Photo: Twitter

SaaS startup Unqork announced its $80 million Series B funding round in October. But just when you thought that’d be enough, the company kept the ball rolling.

The company raised an additional $51 million in funding in an extended Series B, which it announced on Wednesday. The newly announced funding brings its Series B total to $131 million.

Unqork has developed a platform to help enterprise companies build software applications with minimal coding. Using the startup’s unique DIY drag-and-drop visual interface, these companies can build and deploy their apps at a faster speed.

Many major enterprises have used Unqork since the platform launched in 2017, including Liberty Mutual, John Hancock and HSBC.

“After spending over 20 years in enterprise IT leadership, I can tell you firsthand that the demands on technology leaders have never been more intense,” Gary Hoberman, Unqork’s founder and CEO, said in a statement. “This latest funding round provides us with the resources needed to continue empowering these organizations to scale their businesses.”

Unqork says it will use this new funding to grow its sales and marketing teams across the United States, as well as invest in its engineering team. The funding will also help the company partner with additional service firms and system integrators, as well as expand its network of credentialed Unqork Creators.

CapitalG, an investment fund owned by Google parent company Alphabet, led the Series B, with participation from Goldman Sachs, Aquiline Technology Growth and World Innovation Lab.

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