ToolJet, a San Francisco, CA-based open-source low-code software for building internal tools raised $1.55 million in seed funding.
The round was led by Nexus Venture Partners, with participation from Ratio ventures, Better capital, Alan Rutledge as well as enterprise founders, operators, and investors, including Rohan Murty (founder of Soroco), Sony Joy (head of Enterprise at Truecaller), Vipul Amler (founder of Saeloun), Mohammed Hisamuddin (founder of Entri) and Abhi Kumar of M12 Ventures.
The company intends to use the funding for team expansion to accelerate the development of the core platform of ToolJet.
Company: ToolJet Solutions, Inc.
Raised: $1.55M
Round: Seed Round
Funding Month: January 2022
Lead Investors: Nexus Venture Partners
Additional Investors: Ratio ventures, Better capital, Alan Rutledge, Rohan Murty, Sony Joy, Vipul Amler, Mohammed Hisamuddin, and Abhi Kumar
Company Website: https://tooljet.com/?
Software Category: Low Code Development Platforms (LCDP) Software
About the Company: Founded in April 2021 by Navaneeth PK Navaneeth, ToolJet software is an Open-source low-code framework to build & deploy internal tools. The software offers tools to a drag and drop builder with in-built components include tables, buttons, form elements, maps, rich text editors, and more. Connect to PostgreSQL, MySQL, Cloud Firestore, Redis, and many other databases. Run queries from the editor and preview the query results in minutes. Developers, Small and Medium companies make use of the software. ToolJet’s technology enables companies to build their internal tools with minimum engineering effort. ToolJet’s platform is still in its early days but it has already been adopted by hundreds of startups, scale-ups, and even unicorns. ToolJet currently has integrations with more than 15 data sources such as MongoDB, PostgreSQL, Google Sheets, and AWS S3. The Toojet team comes with rich experience in building enterprise SaaS applications.
Source: https://blog.tooljet.com/raising-vc-funding-for-open-source-project/ https://www.business-standard.com/article/companies/tooljet-raises-1-5-mn-in-seed-funding-round-led-by-nexus-venture-partners-122011200428_1.html