CARMEL, Ind.--(BUSINESS WIRE)--Lumavate, the SaaS company that empowers enterprises to create mobile apps without needing developers, today announced it closed a $6 million funding round. The funding will support scaling Lumavate’s go-to-market team and continued platform innovation for businesses to design, build, and deploy mobile apps faster without requiring development resources.
The round was co-led by Gutbrain Ventures and PBJ Capital, with participation from Allos Ventures, BioCrossroads, Collina Ventures, and 4G Ventures. Lumavate also announced changes to its board of directors, with Bill Godfrey moving to Chairman of the Board. Joining Godfrey on the board is Christopher Clapp, Bob Davoli, Mark Hill, and Jeff Middlesworth.
“This significant funding round demonstrates confidence in our team, product, and vision as we continue to accelerate Lumavate’s platform and scale our go-to-market efforts,” said Stephanie Cox, CEO of Lumavate. “Businesses face enormous pressure to create mobile app experiences for customers and employees that are engaging and drive results – the challenge begins with designing and building the app. We help break through the typical development barriers by enabling business users to build without needing to know any code – to deliver an intuitive app experience at scale that delights their customers.”
Lumavate experienced tremendous growth in 2021 with a 216 percent increase in the number of apps built on its no-code platform. In addition, Lumavate increased the items in the Lumavate Library by 173 percent to provide customers with even more app-building functionality.
“Technology solutions that don’t require deep technical coding expertise are becoming a go-to for enterprises,” said Bob Davoli, Managing Director at Gutbrain Ventures. “We were impressed by how Lumavate is challenging the marketing status quo with a SaaS mobile app building platform. We look forward to working with the company to help them grow a disruptive platform offering.”
About the Lumavate Platform
The Lumavate Platform consists of the Command Center, Studio, and Lumavate Library and empowers enterprise companies to rapidly build, test, and deliver mobile apps that help:
- Increase speed-to-market by breaking down silos and enabling business users to own the creation process without relying on development resources while providing enterprise-grade scale, security, and stability.
- Provide one platform for various use cases from product information to wayfinding to employee communications and more.
- Ensure oversight and management of all apps across the enterprise through the Command Center–fostering collaboration between business users and IT teams.
Learn more about the Lumavate Platform here.
About Lumavate
Lumavate, a fast-growth SaaS company, simplifies the designing, building, and publishing of mobile apps without requiring development resources. From maximizing marketing campaigns to personalizing communications to amplifying product brands, we empower some of the largest enterprise companies to create apps that drive more engaging digital experiences and increased ROI. The Lumavate Platform offers a robust Library of integrations, design elements, and Starter Kits to build and manage apps for a wide variety of use cases. Learn more at lumavate.com.
