Bryter Pitch Deck to Raise $16m Series-A Round
Back To The CollectionThis is the Bryter pitch deck to raise a $16m series-a round in 2020.
About
BRYTER a no-code software platform that automates and helps its users to develop and build digital applications. It helps consulting firms, banks, corporates, and public administration across the globe to digitize and scale their services.
BRYTER operates offices in Berlin, Frankfurt, and London. The software supports professionals at BakerMcKenzie, HoganLovells, Taylor Wessing, Simmons&Simmons, ING, Telefónica, and other companies around the globe.
It was founded in 2018 and is headquartered in Berlin, Germany.
Automation and digitization is a growing trends, and startups making products to help companies avoid lengthy manual processes are benefiting from the trend.
London and Berlin-based startup Bryter is one such firm. The automation startup provides no- or low-code products so that businesses can build professional applications for areas of expertise.
The startup counts clients such as PwC, Deloitte, McDonald’s and Telefónica, developing virtual assistants, chatbots, self-servicing applications and other intelligent automation tools. Bryter’s tech is a combination of two or three major technological changes from recent years, according to CEO and cofounder Michael Grupp.
“We’ve been able to help assess companies’ coding needs in advance and that has come about because of the increased use of enterprise software-as-a-service and no code,” he said.
Bryter began raising funds in March, just as the world headed into lockdown. Negotiations continued through April before the round closed in early May. “We were doing Zoom calls from 7 am to 11 pm every day with investors from across the world,” Grupp said. “Pitching from your desk was a very challenging but fast experience.”
The startup will use the funds to continue its expansion in the US. Two of the company’s three founders will move to New York as part of the move, with Grupp anticipating that the startup will hire around 20 staff stateside as part of the growth plan.
“Automation and digitization at scale are key trends that we are bullish about,” Evgenia Plotnikova, partner at Dawn Capital, told Business Insider in an interview. ” At Dawn, we genuinely are bullish about investing in startups despite the time we’re in. It was a fast and competitive process but the best businesses get the best funding.”
Funding Rounds
Announced Date
|
Transaction Name | Number of Investors | Money Raised | Lead Investors |
Apr 7, 2021 | Series B – BRYTER | 5 | $66M |
Tiger Global Management
|
Jun 4, 2020 | Series A – BRYTER | 5 | $16M |
Accel, Dawn Capital
|
Nov 12, 2019 | Round – BRYTER | 3 | $6M | Accel |
Aug 1, 2018 | Seed Round – BRYTER | 1 | $1M |
Cavalry Ventures
|
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