Locofy.ai Raises $4.25 Million in Seed II Funding 

by Kay Aloha Villamor in May 17th, 2023

Locofy.ai, a Singapore-based platform that leverages AI to convert graphic designs into working code, has raised $4.25 million in its second round of funding, bringing its total raised to $7.3 million.

Golden Gate Ventures, a prominent Southeast Asian venture capital fund, led the investment round, along with participation from experienced SME technopreneurs from companies like Dropbox, Lottiefiles, and Zopim.

The funding will accelerate the startup's plans to simplify the design-to-code conversion significantly with AI while adding more integrations to the platform to seamlessly fit into the workflows. 

Along with the funding, Locofy.ai has made strategic hires to support its ambitious development plans. Tien Nguyen, former CTO at Wego and Teko, joins as Vice President of Engineering, Nick Jachowski, will serve as Head of AI, and Nguyen Kien, will take on the role of Head of Engineering, contributing technical knowledge and guidance.

Company: Locofy Pte Ltd.

Raised: $4.25M

Round: Seed ll

Funding Month: May 2023

Lead Investors: Golden Gate Ventures

Additional Investors:

Company Website: https://www.locofy.ai/

Software Category: Front-End Development Acceleration Platform

About the Company: Founded by Honey Mittal and Sohaib Muhammad, Locofy.ai is a low-code development tool in public beta, which assists developers worldwide in building and managing their front end at speed. It accelerates web and mobile app development by 5–10 times with its design-to-code conversion platform that helps designers automate frontend code directly from their designs and extend into existing workflows. It currently converts Figma and Adobe XD designs into React, React Native, HTML-CSS, Gatsby, and Next.js code with AI. 

Source: https://www.prnewswire.com/news-releases/golden-gate-ventures-doubles-down-on-locofyai-investment-to-accelerate-go-to-market-for-startups-and-enterprises-301824002.html

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