Which no-code platforms received investment?

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The no-code platform investment landscape experienced explosive growth in 2024 and early 2025, with over $420 million in disclosed funding flowing to platforms across Europe and North America.

Builder.ai's massive $250 million Series D round led by Qatar Investment Authority marked the sector's largest single investment, while European markets dominated deal flow with over 60% of total funding activity. The surge reflects growing enterprise demand for AI-powered composable software solutions and rapid application development tools that address critical developer shortages.

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What are the top no-code platforms that received investment in 2024 and 2025?

Builder.ai dominates the funding landscape with their $250 million Series D round in March 2024, making it the most well-funded no-code platform during this period.

Lovable secured a substantial $150 million growth-stage round in July 2025, positioning itself as the second-largest funding recipient. The Swedish company focuses on AI-native application development with strong U.S. ARR growth driving investor confidence.

SynthFlow AI raised €16.9 million in their Series A round in June 2025, targeting customer service automation with their no-code workflow platform. Pletor completed a €2 million pre-seed round in June 2025, developing design agent platforms for rapid UI creation. Lemonado secured $1.4 million in pre-seed funding in July 2024, focusing on business process automation for non-developers.

These five platforms represent the core of no-code investment activity, with Builder.ai and Lovable capturing over 80% of total disclosed funding during this period.

Who were the main investors backing these no-code startups?

Qatar Investment Authority (QIA) emerged as the most significant institutional backer, leading Builder.ai's massive $250 million Series D round.

Accel demonstrated strong conviction in the sector by co-leading Lovable's $150 million round while also participating in SynthFlow AI's Series A. This dual investment strategy suggests Accel views no-code as a core portfolio theme rather than opportunistic investment.

Iconiq Capital and Insight Partners supported Builder.ai's expansion, bringing their enterprise software expertise to the composable software market. Nordic-focused investors node.vc and Nordic Makers concentrated on early-stage European opportunities, backing Lemonado's pre-seed round. Atlantic Labs appeared in multiple deals, supporting both SynthFlow AI and Pletor, indicating focused sector specialization.

The investor landscape reveals a mix of sovereign wealth funds, growth-stage VCs, and specialized European early-stage funds, with notably absent direct investments from major tech companies' corporate VC arms.

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How much funding did each top-funded startup raise and in which rounds?

The funding distribution shows clear market leaders with Builder.ai's $250 million Series D representing 59% of total disclosed funding across all major deals.

Which no-code startup received the largest single investment and what does it do?

Builder.ai secured the largest single investment with their $250 million Series D round led by Qatar Investment Authority in March 2024.

Builder.ai operates an AI-powered composable software platform that breaks applications into reusable "lego-like" features, enabling businesses to assemble custom applications through conversational interfaces rather than traditional coding. Their platform targets enterprises seeking rapid application development without technical debt accumulation.

The company's core innovation lies in their AI-driven feature composition engine, which allows non-technical users to describe desired functionality in natural language and receive production-ready application components. This approach addresses the critical developer shortage while maintaining enterprise-grade security and scalability requirements.

Builder.ai's substantial funding round reflects investor confidence in composable software architecture as a fundamental shift in enterprise application development, positioning the company to capture significant market share in the $420+ million no-code investment landscape.

Which regions saw the most no-code platform investment activity?

Europe dominated no-code investment activity with over €180 million in disclosed funding, representing approximately 60% of global investment during 2024 and H1 2025.

The United Kingdom led European activity with Builder.ai's $250 million Series D round, while Sweden contributed significantly through Lovable's $150 million growth-stage round and Lemonado's $1.4 million pre-seed investment. Germany and France rounded out European leadership with SynthFlow AI's €16.9 million Series A and Pletor's €2 million pre-seed respectively.

North America captured approximately $150 million in investment activity, though much of this stems from Lovable's Swedish-based operations with strong U.S. revenue growth. Direct North American-based no-code startups received notably less attention compared to European counterparts during this period.

APAC and MENA regions showed modest activity with limited early-stage deals, suggesting geographic concentration of no-code innovation and investment remains heavily Western-focused despite growing global demand for rapid application development solutions.

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Are major tech players backing no-code startups directly or through corporate VC arms?

Major hyperscalers like AWS, Microsoft, and Google are notably absent from direct corporate VC investments in no-code platforms during 2024-2025, despite their strategic interest in low-code/no-code adoption.

Instead, institutional investors and specialized VCs dominated the funding landscape, with Qatar Investment Authority representing the largest institutional commitment. Iconiq Capital and Insight Partners brought enterprise software expertise without direct tech giant backing, while Accel's multi-platform strategy operated independently of corporate influence.

The absence of direct corporate VC investment suggests major tech companies prefer partnership and integration strategies over equity stakes. Many no-code platforms maintain cloud partnerships with AWS, Azure, and Google Cloud without requiring direct investment relationships, allowing tech giants to capture infrastructure revenue while avoiding competitive conflicts.

This dynamic may shift as no-code platforms mature and demonstrate clear acquisition targets for enterprise software portfolios, but current investment patterns show venture capital firms leading sector development rather than corporate strategic investors.

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What types of technologies and R&D breakthroughs are being financed?

AI-native composition engines represent the primary technological breakthrough receiving investment, with Builder.ai and Lovable leading development of conversational interfaces for application creation.

Generative AI integration emerged as a core R&D focus, enabling natural language processing for application requirements and automated code generation. Lovable's growth-stage funding specifically targets AI-powered development workflows that understand user intent and translate requirements into functional applications without traditional programming knowledge.

Data-centric workflow automation attracted significant investment through platforms like Lemonado, which focuses on business process optimization for non-technical users. Domain-specific automation platforms like SynthFlow AI secured Series A funding to develop customer service workflow automation with vertical-specific functionality.

Modular UI design systems received funding through Pletor's design agent toolkit, enabling rapid mockup creation and production-ready screen development. These technological investments collectively address the fundamental challenge of democratizing software creation while maintaining enterprise-grade functionality and security standards.

Which types of no-code solutions attract the most investment?

AI-integrated application builders dominated investment activity, capturing over 90% of disclosed funding through Builder.ai and Lovable's substantial rounds.

Internal tools and automation platforms secured significant investor interest, with SynthFlow AI's Series A funding targeting customer service automation and Lemonado focusing on business process optimization. These solutions address immediate enterprise pain points around operational efficiency and rapid tool deployment.

Design and UX agent platforms like Pletor attracted early-stage investment for their ability to accelerate UI development workflows. Enterprise-focused solutions consistently outperformed consumer-oriented platforms, reflecting investor preference for B2B revenue models and higher customer lifetime values.

Vertical-specific no-code solutions showed growing investment interest, particularly platforms targeting compliance-heavy industries like fintech and healthcare where customized workflow automation provides clear value propositions and defensible market positions.

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Which emerging startups received their first funding in 2024-2025?

Lemonado secured their inaugural $1.4 million pre-seed round in July 2024, targeting non-developers seeking business process automation through AI-driven dashboard creation.

Pletor completed their first €2 million pre-seed round in June 2025, developing design agent platforms that enable rapid UI mockup creation and production-ready screen development. The French startup addresses the growing demand for accelerated design workflows in no-code application development.

SynthFlow AI, while founded in 2023, achieved their first significant Series A funding of €16.9 million in June 2025, focusing on customer service workflow automation. Their platform enables businesses to create complex service automation without traditional development resources.

These emerging platforms target specific market segments within the broader no-code ecosystem, with Lemonado focusing on business operations, Pletor addressing design workflows, and SynthFlow AI specializing in customer service automation. Their early funding success indicates investor confidence in vertical-specific no-code solutions rather than horizontal platform approaches.

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What conditions made investors confident to back no-code platforms?

Critical developer shortages across enterprises created urgent demand for alternative application development approaches, with 72% of startups using no-code/low-code tools in 2024 according to industry surveys.

AI acceleration breakthroughs made no-code platforms significantly more powerful and accessible, enabling natural language interfaces that translate business requirements into functional applications. This technological leap convinced investors that no-code could address enterprise-grade complexity previously requiring traditional development.

Enterprise cost-efficiency demands drove adoption as companies sought to reduce expensive developer resources while maintaining rapid deployment capabilities. Digital transformation urgency, accelerated by remote work requirements, created immediate market demand for internal tool creation without lengthy development cycles.

The emergence of "citizen developers" within enterprises provided clear market validation, with business users increasingly comfortable creating their own applications through visual interfaces. This user behavior shift convinced investors that no-code represented a fundamental market expansion rather than temporary trend.

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What was the total amount invested globally and by region?

Global no-code platform investment reached approximately $420 million in disclosed funding across 2024 and H1 2025, with Europe capturing the majority of investment activity.

What are expert predictions for no-code funding in 2026?

Industry experts forecast continued AI-powered feature expansion, particularly around natural-language interfaces that eliminate remaining technical barriers for enterprise users.

Vertical-focused no-code solutions targeting specific industries like fintech and healthcare are expected to attract increasing investment as compliance requirements demand specialized workflow automation. This shift from horizontal platforms to industry-specific solutions reflects market maturation and investor preference for defensible market positions.

Corporate VC involvement is predicted to increase significantly as major tech incumbents recognize strategic acquisition opportunities within the no-code ecosystem. Hyperscalers may shift from partnership strategies to direct equity investment as platforms demonstrate clear enterprise adoption and revenue growth.

M&A activity is expected to accelerate through 2026, with enterprise software firms acquiring no-code innovators to enhance their low-code offerings and capture citizen developer markets. Experts anticipate total market investment exceeding $600 million annually by 2026, driven by continued enterprise demand and AI capability expansion.

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Conclusion

Sources

1. Builder.ai Series D Announcement
2. Builder.ai Funding Round Details
3. Lovable $150M Funding Round
4. European Funding Rounds June 2025
5. Lemonado Investment by node.vc
6. Lemonado Global Expansion Funding
7. Lemonado Secures $1.4M
8. Lemonado No-Code Platform Funding