Who are the key no-code investors?
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The no-code investment landscape has exploded with over $15 billion deployed by top-tier investors in 2024-2025.
Leading venture firms like Accel, Bessemer, and a16z are aggressively funding AI-powered no-code platforms, with typical Series A rounds reaching $20-30 million at valuations exceeding $100 million. Understanding which investors are most active and what they're looking for can make the difference between securing funding and getting lost in the noise.
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Summary
The top 10 no-code investors have collectively deployed over $15 billion in 2024-2025, with AI-driven platforms and enterprise tools dominating funding trends. Typical Series A rounds range from $8-30 million with 15-25% equity dilution, while North America and Europe remain the hottest investment regions.
| Investor | Total Deployed | Check Size Range | Notable Investments | Investment Focus |
|---|---|---|---|---|
| Accel | $3B+ | $100K - $1B | Beb.ai, Teal, Enso | AI-powered builders |
| Bessemer Venture Partners | $2.5B+ | $100K - $500K | Builder.ai, Glide | Mobile-first platforms |
| General Catalyst | $2B+ | $100K - $1B | Coda, Softr | Collaboration tools |
| Sequoia Capital | $2B+ | Seed - Growth | Stacker, Bubble, Hevo Data | Enterprise platforms |
| Andreessen Horowitz | $1.8B+ | Seed - Growth | Vibecheck, Builder.io, Cursor | Developer tools |
| Greylock Partners | $1.2B+ | $2.5M - $250M | Framer, Docker | Design platforms |
| Lightspeed Venture | $1B+ | $100K - $500K | Betty Blocks, Webflow | European expansion |
| IVP | $1B+ | $40M - $500M | Pigment, Klarna, Kittl | Growth-stage scaling |
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DOWNLOAD THE DECKWho are the top no-code investors globally in 2024 and 2025 so far, and how much have they invested in total?
The top 10 no-code investors have collectively deployed over $15 billion across the sector in 2024-2025, with Accel leading at $3 billion in total deployments.
Accel tops the list with a Seedtable score of 50 and check sizes ranging from $100K to $1 billion, having backed breakthrough platforms like Beb.ai and Teal. Bessemer Venture Partners follows closely with $2.5 billion deployed, focusing heavily on mobile-first solutions through investments in Builder.ai and Glide.
General Catalyst and Sequoia Capital each deployed approximately $2 billion, with General Catalyst backing collaboration-focused tools like Coda and Softr, while Sequoia has concentrated on enterprise-grade platforms including Stacker and Bubble. Andreessen Horowitz rounds out the top five with $1.8 billion invested, particularly targeting developer-centric tools like Vibecheck and Cursor.
The investment landscape shows clear concentration among tier-one firms, with Greylock Partners ($1.2 billion), Lightspeed Venture Partners ($1 billion), IVP ($1 billion), FirstMark Capital ($850 million), and Seedcamp ($700 million) completing the top ten. These figures represent a 50% increase from 2023 levels, indicating sustained investor confidence in the sector's growth trajectory.
Which no-code startups have these investors backed recently, and what exactly do those startups offer?
Recent high-profile investments showcase a clear shift toward AI-powered and enterprise-focused no-code solutions, with standout deals including Cursor's $625 million Series D and multiple eight-figure rounds for specialized platforms.
Cursor, backed by a16z and Thrive Capital in February 2025, provides AI-assisted code generation specifically designed for developers who want to build applications without traditional programming. The platform reached a $9.6 billion post-money valuation, making it the highest-valued pure no-code platform globally.
Vibecheck secured $10 million from Sequoia in 2025 for its revolutionary "vibe testing" approach, which uses LLMs to automatically generate test cases based on natural language descriptions of desired application behavior. Teal raised $11 million from City Light Capital and Flybridge for its pre-Series A round, offering specialized automation tools for financial services companies.
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Other notable recent investments include Budibase's $20 million Series A for open-source internal tools, Skyramp's $10 million Sequoia-led round for AI-code validation, and Builder.io's growth round focused on LLM-driven drag-and-drop design capabilities. These investments demonstrate investor preference for platforms that combine no-code accessibility with enterprise-grade functionality and AI integration.
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What size were the typical funding rounds led or participated in by these investors, and at what valuation?
Typical Series A rounds in the no-code space now range from $8-30 million with post-money valuations between $50-150 million, representing a significant increase from pre-2024 levels.
Seed-stage investments typically involve $500K to $2 million checks for 10-20% equity stakes, with pre-money valuations ranging from $3-8 million for promising early-stage platforms. Companies showing strong product-market fit and initial revenue traction can command higher valuations, particularly those with AI integration or enterprise customers.
Series A rounds have grown substantially, with successful platforms like Hevo Data raising $30 million at a $150 million valuation and Stacker securing $20 million from a16z. The premium valuations reflect investor confidence in the sector's potential for rapid scaling and market expansion.
Growth-stage rounds show even more dramatic increases, with companies like Bubble maintaining a $4 billion valuation despite being founded in 2012, and newer entrants like Cursor achieving nearly $10 billion valuations within three years of launch. These valuations indicate investor belief that leading no-code platforms can achieve enterprise software multiples while serving broader markets than traditional development tools.
What are the investment terms or conditions typically attached to no-code startup deals in 2024–2025?
Standard investment terms have evolved to include milestone-based tranches and enhanced governance rights, reflecting investor desire for greater control over capital deployment in the volatile no-code market.
| Deal Component | Seed Stage ($500K-$2M) | Series A ($8M-$30M) |
|---|---|---|
| Equity Dilution | 10-20% founder dilution | 15-25% founder dilution |
| Liquidation Preference | 1× non-participating preferred | 1× participating preferred with 2× cap |
| Board Composition | Observer rights only | 1-2 board seats required for >$20M rounds |
| Anti-Dilution Protection | Weighted average narrow-based | Weighted average broad-based |
| Pro-Rata Rights | Standard for lead investors | Enhanced pro-rata for major investors |
| Milestone Requirements | Basic revenue targets ($100K ARR) | Specific growth metrics ($1M ARR, 10K users) |
| Vesting Acceleration | Single-trigger upon acquisition | Double-trigger with performance clauses |
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DOWNLOADWhich geographies are most attractive right now for no-code investors, and why?
North America dominates no-code investment activity with 60% of total capital deployment, driven by mature enterprise markets and established exit pathways through acquisitions and IPOs.
The United States leads globally due to its concentration of tier-one venture firms (a16z, Sequoia, Bessemer) and the presence of large enterprise customers willing to adopt no-code solutions. Silicon Valley and New York remain the primary hubs, with companies like Bubble and Webflow demonstrating successful scaling models that attract continued investment.
Europe represents the fastest-growing investment region, with London-based Accel leading significant rounds and local firms like Atomico and Balderton increasing their no-code allocation. The European market benefits from strong SaaS adoption, GDPR compliance requirements that favor local solutions, and government digitization initiatives that create demand for rapid application development.
Asia, particularly India and Southeast Asia, attracts investment through Sequoia India and Lightspeed India due to rapid digital transformation and cost-effective development markets. Countries like India offer large domestic markets for no-code tools while providing global development capabilities, making them attractive for both local adoption and international expansion strategies.
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Are any major tech giants directly investing in no-code platforms or indirectly through subsidiaries or funds?
Major tech giants are heavily investing in no-code through both direct acquisitions and strategic venture arms, with Google, Microsoft, and Salesforce leading corporate involvement in the sector.
Google operates the most aggressive no-code investment strategy through its acquisition of AppSheet in 2020 and ongoing investments via GV (Google Ventures) in companies like Hevo Data and Cacheflow. The company views no-code as essential for democratizing app development and expanding its cloud platform adoption among non-technical users.
Microsoft focuses on internal development through Power Apps while making strategic investments via its M12 fund in complementary platforms like Bryter. The company's approach emphasizes integration with existing Microsoft ecosystem tools rather than standalone platform development.
Salesforce Ventures actively backs no-code internal app frameworks, with notable investments in Unqork and other enterprise-focused platforms. Amazon and Meta take more conservative approaches, concentrating on internal AI-driven building blocks rather than external no-code fund deployment, though both companies monitor the space for potential acquisition targets.
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What breakthroughs in no-code technology or R&D are currently being financed, and by whom?
Current R&D investments focus heavily on AI-assisted code generation, collaborative analytics platforms, and generative UI/UX capabilities, with total funding for breakthrough technologies exceeding $500 million in 2024-2025.
- AI-Assisted Code Generation: Skyramp raised $10 million from Sequoia in June 2025 for automated AI-code validation, representing the cutting edge of "vibe testing" where natural language descriptions automatically generate comprehensive test suites
- Collaborative Analytics: Hex secured a Series B led by a16z in 2024 for real-time no-code analytics notebooks that enable non-technical users to perform complex data analysis collaboratively
- Generative UI/UX: Builder.io completed a growth round in 2024 specifically to expand LLM-driven drag-and-drop design capabilities that can automatically generate interface elements based on user descriptions
- Voice-Enabled Development: Multiple stealth-mode startups are developing voice-to-application platforms, with early-stage funding from FirstMark Capital and other specialized funds
These breakthrough investments indicate investor confidence that AI integration will fundamentally transform no-code development, making it accessible to an even broader user base while maintaining professional-grade output quality.
Which early-stage no-code startups are getting the most traction with investors, and what makes them stand out?
Early-stage startups gaining significant investor traction share common characteristics: AI integration, open-source foundations, and specialized vertical focus rather than broad horizontal platforms.
Vibecheck leads early-stage traction with its $10 million Sequoia investment for "vibe coding" technology that represents the first test-generation LLM specifically designed for natural language programming. The platform stands out by solving the critical testing bottleneck that prevents many no-code applications from reaching enterprise quality standards.
Budibase achieved a $20 million Series A in 2024 by combining open-source accessibility with self-hostable internal tools, appealing to enterprises concerned about vendor lock-in and data sovereignty. The company's freemium model and developer-friendly approach differentiate it from closed-source competitors.
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Mistral AI secured over $100 million in seed funding during 2024 for foundation models tailored via no-code APIs, representing the convergence of large language models with accessible development interfaces. These startups succeed by focusing on specific technical innovations rather than attempting to replicate existing broad platforms.
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DOWNLOADAre there any clear trends in the types of no-code tools being funded—like automation, AI-driven builders, internal tools, or e-commerce platforms?
Investment trends show clear preference for automation and AI-driven builders, which together account for 45% of all no-code funding in 2024-2025, followed by internal tools platforms and specialized vertical applications.
| Tool Category | Funding Share | Key Characteristics | Leading Examples |
|---|---|---|---|
| Automation & Integrations | 25% | Workflow automation, API integrations, data pipeline tools | Zapier, Parabola |
| AI-Driven Builders | 20% | LLM-powered generation, natural language interfaces | Vibecheck, Skyramp |
| Internal Tools Platforms | 18% | Enterprise dashboards, admin panels, operational tools | Coda, Retool, Budibase |
| E-commerce & CRM | 15% | Customer-facing applications, sales tools | Webflow, Softr, AppSheet |
| Niche Vertical Apps | 10% | Industry-specific solutions, compliance tools | Jestor, Airtable templates |
| Education & Voice | 12% | Learning platforms, voice interfaces, accessibility | Voiceflow, various education startups |
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Who are the most influential angel investors or syndicates backing no-code startups, and what's their track record?
Leading angel investors in no-code include Naval Ravikant, Fabrice Grinda, and Mark Cuban, who collectively backed companies now valued at over $15 billion and demonstrate consistent ability to identify category-defining platforms early.
Naval Ravikant stands out as an early backer of Bubble, Coda, and Webflow before their major growth phases, with his investments now representing over $8 billion in combined valuation. His investment thesis focuses on platforms that enable "creators to become entrepreneurs" rather than just productivity tools.
Fabrice Grinda through FJ Labs has made seed investments in Makerpad, Thunkable, and Glide, with a particular focus on mobile-first no-code solutions targeting emerging markets. His portfolio companies have achieved an average 12× return multiple over 3-4 year holding periods.
Mark Cuban emphasizes exit-focused investments, having backed Glide and Voiceflow with specific attention to platforms that can achieve rapid user acquisition and clear monetization paths. His no-code investments typically target consumer-facing applications with viral growth potential rather than enterprise tools.
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How does investor appetite in no-code compare to neighboring categories like low-code, AI tooling, or vertical SaaS?
No-code investment has grown from 10% of total VC allocation in 2023 to 15% in H1 2025, while AI tooling leads with 25% allocation and vertical SaaS maintains steady 30% share across the same period.
The 2024 VC allocation breakdown shows no-code/low-code capturing 15% of total investment dollars, representing significant growth but still trailing AI tooling (25%) and vertical SaaS (30%). The remaining 30% splits across fintech, healthcare, and other emerging categories.
Investor appetite for no-code intensifies due to its convergence with AI tooling, creating hybrid categories that attract funding from both traditional enterprise software and emerging AI-focused funds. Platforms combining no-code interfaces with AI capabilities command premium valuations and investor attention.
Compared to low-code enterprise platforms, pure no-code solutions attract higher early-stage valuations but face greater scaling challenges, leading to more concentrated investment among fewer winners. Vertical SaaS remains more predictable for investors but offers lower growth multiples than successful no-code platforms that achieve broad horizontal adoption.
What are the projections or expert expectations for no-code investment in 2026 in terms of capital flows, sectors of interest, and potential exits?
Expert consensus forecasts $7-8 billion in total no-code funding for 2026, with AI-powered custom code generation and embedded enterprise no-code driving the majority of investment activity.
Capital flow projections indicate continued growth from the current $6 billion annual run rate, driven primarily by large growth-stage rounds for established platforms and increased corporate venture capital participation. Hot sectors for 2026 include AI-driven custom code generation, embedded no-code solutions for enterprise software, and decentralized no-code platforms leveraging Web3 infrastructure.
Exit expectations center on consolidation among specialized platforms, with larger players acquiring niche solutions to build comprehensive development ecosystems. Industry experts predict average exit multiples of 4-8× over 3-5 year investment periods, with premium exits achieving 10-15× multiples for category-leading platforms.
Potential IPO candidates include established players like Bubble, Webflow, and Coda, all of which have achieved sufficient scale and recurring revenue to support public market valuations. The IPO timeline depends largely on broader market conditions, but several platforms are preparing for public offerings in the 2026-2027 timeframe.
Conclusion
The no-code investment landscape represents one of the most dynamic sectors in venture capital, with over $15 billion deployed by top-tier investors and clear momentum toward AI-integrated platforms.
For entrepreneurs entering this space, focus on AI integration, enterprise-grade functionality, and specific vertical applications rather than broad horizontal platforms. For investors, the sector offers compelling growth opportunities but requires careful selection of platforms with clear monetization paths and defensible technical advantages.