Australian no-code app builder, Checkbox, has raised AU$6.3m (US$4.5m) in pre-Series A funding, in a further sign of interest in helping businesses to create their own workflow tools.
Checkbox has a focus on legal, HR, as well as risk and compliance teams. The aim is to help teams to create apps that automate high-volume, low-value expert tasks, ‘enabling them to focus on higher value and strategic work’ the company said.
The round is led by Sequoia India’s rapid scale-up program, Surge, and Australia’s Tidal Ventures. The capital will be used for further R&D and expanding globally. Clients include: Allianz, Telstra, Air New Zealand, PwC, and Coca-Cola.
Evan Wong, Co-Founder and CEO at Checkbox, commented: ‘Since entering the market three years ago, we have helped organisations in Australia, New Zealand, Asia, and the US restore hundreds of thousands of hours in productivity. Our customers have used the Checkbox platform to create thousands of apps and automate hundreds of thousands of processes and documents, all without writing a single line of code.
‘The funding from Sequoia India’s Surge and Tidal enables us to accelerate our go-to-market strategy to amplify consistently high growth, retention and customer expansion we’ve experienced in the last few years, and scale our team to cater to the demand we’re seeing in markets abroad. We have a product that is globally applicable and segment agnostic in the high-growth no-code technology space, representing an extraordinarily vast market opportunity.’
Andrea Kowalski, General Partner at Tidal Ventures, concluded: ‘We see an enormous global market opportunity for tools that help expert knowledge workers build their own automation software without needing to code.’
[ Pic: CEO Evan Wong, alongside Co-Founder/CTO James Han. ]
P.S. In other funding news, doc review startup Klarity has bagged $18m in a Series A round. The company however is mostly focused on the accounting and financial services sector, although it could be used by inhouse legal teams in those sectors.
‘Klarity’s AI software improves financial regulation compliance, saves accounting teams 85%+ time and removes the most dreaded part of their jobs – document review,’ the company said.