Thunkable, the leading visual programming platform for mobile app creation, recently announced that they had over 3 million users and raised a Series B round of $30 million, led by Y Combinator’s Continuity Fund. The platform that was built for anyone to create beautiful, powerful mobile apps has launched multiple innovative features since it was founded in 2016.
With this new funding, Thunkable have ambitious plans for the future. This article will look at what Thunkable plans to do with their new funding.
Thunkable Announces 3M+ Users and $30M in Series B Funding
Thunkable is a platform that enables anyone to build their own Android and iOS mobile applications. Thunkable simplifies the complex process of developing mobile applications, allowing anyone to create visually stunning and powerful apps with no coding experience required. It has grown rapidly since its launch in 2016, providing thousands of developers with the tools they need to create unique, innovative applications.
The recent influx of funding will enable Thunkable to expand its reach, offering users more features and services than ever before. It will also support additional growth areas like cloud capabilities, marketplaces for finding quality apps, and improved customer service infrastructure. All these additions will help solve key user needs in the application development landscape.
In addition to this new funding round, Thunkable has just opened its public beta version for everyone who wants to start creating their app on the platform. This version is available for Android and iOS platforms and provides expanded services in data management systems such as Amazon RDS & DynamoDB. With this beta release, consumers now have more control over their data. They can use it in powerful ways to create unique experiences within their applications or even manage entire teams of developers in the same project environment.
Through these developments, we aim to make mobile applications easier to use and accessible for everyone — regardless of coding expertise or technical background — while continuing our track record of delivering easy-to-use yet powerful products that provide tangible value for all our users.
Announcement of Thunkable’s Series B Funding
We are thrilled to announce that we have just completed our Series B funding round totaling $17M. SoftBank Ventures Asia led this latest funding round, including participation from previous investors Norwest Venture Partners,SignalFire, TrueBridge and FundersClub. This new capital will allow us to expand our offerings to better serve our mission of lowering the barrier of entry for anyone looking to create their own app experiences. We strive to make this vision a reality by freeing creators from the intricacies of deep coding and sophisticated software development tools.
Our unique platform enables anyone – designers, entrepreneurs, educators, businesses and hobbyists alike — to drag-and-drop their way into creating great apps in only minutes – requiring no technical knowledge or coding skills whatsoever. Even our most widely used features, such as live testing for multiple platforms, are free! With Thunkable’s commitment to accessibility and scalability, anyone can dream bigger with us.
We’re excited about what lies ahead for Thunkable and look forward to utilizing this new funding to continue innovating upon a platform that arms all aspiring creators with powerful tools intended to foster digital literacy worldwide.
How Thunkable Plans to Use the Funding
Thunkable recently announced that they have reached 3 Million+ users and secured $30M in Series B Funding. This funding brings their total capital raised to over $44M, with backers like GGV, Y Combinator, and Lightspeed Venture Partners.
With the additional funding, Thunkable has outlined their plans to use the money to accelerate their goal of making coding and building mobile apps accessible to everyone.
Expansion of the Thunkable Platform
Thunkable’s new funding will help us to support our rapid growth and expand the Thunkable platform. Our mission is to provide a powerful yet easy-to-use drag-and-drop platform that enables anyone with an idea to build an app, no matter their experience or expertise.
We plan to use the funding to expand the platform with additional features, design tools, and integrations while continuing to make it accessible for all users; this includes the development of additional sample apps and tutorials. We also plan to invest in marketing initiatives to increase awareness of Thunkable and reach even more developers with our message.
Furthermore, we plan to create dedicated teams for customer success, engineering, product design/testing, and a separate support team for customers experiencing issues. Within these teams we will expand our resources to better serve our existing customers and work towards meeting our goal of simplifying app building for all users.
Finally, we intend on using the funds to invest in long term projects such as cloud hosting systems; this would allow us host users code on high performance cloud computing systems which have been optimized for app development ensuring smoother processes, faster loading times, better security measures all while reducing costs significantly compared with traditional means.
Investing in the Thunkable Community
Thunkable recognizes the importance of investing in the community that has been so committed to our success. By growing and supporting the Thunkable Community, our users will benefit from stronger collaboration and better resources. With this new round of funding, we plan to invest heavily in building new features and initiatives to improve our community’s overall experience.
Our priority is to expand our existing interactive learning resources, including tutorials and materials on how to build apps with Thunkable. We are also developing a variety of educational videos geared towards all user levels, from beginning coders to professional app builders. These videos will provide users with an engaging educational experience that encourages knowledge-sharing within the community.
In addition, we’re excited to introduce several new features and incentives that designers can use when creating their apps. Our engineers are currently developing mobile app reuse libraries, internationalization tools, faster app loading capabilities, increased access to quality template design resources, and more — all available for free via our platform. We’re also launching several App Development Challenges throughout the year as part of a series of initiatives we hope will encourage even more people worldwide to create impressive apps with Thunkable. Last but not least – no Thunk-fest would be complete without rewards! Those who participate in challenges or build standout products from scratch can now access special prizes courtesy of us at Thunkable!
We believe these investments have tremendous potential in further advancing our mission, so we’re passionate about making them a reality!
Focusing on User Experience
Thunkable is committed to making the best drag-and-drop mobile app development platform with modern and intuitive design. With their recent funding, they plan to use the money to focus on user experience and build a platform that will be easy and efficient for developers of all experiences.
They want to invest further into their core product – Thunkable Cross Platform – to make it more intuitive, modular, and powerful. Users can look forward to a streamlined experience including improved drag-and-drop tools, better integration with custom components and external databases, enhanced App Export features for Android and iOS, and other backend improvements.
These enhancements will provide developers of all skill levels an easy way to develop native mobile apps using existing components or custom code with confidence. Thunkable plans to use their fresh funding to further develop an in-app builder that provides developers a rich set of customization options without knowing how to write code. This makes it easier for new developers or entrepreneurs without technical backgrounds to create powerful digital products quickly without any expertise in coding or design.
Benefits of the Funding
Thunkable recently announced their Series B fund raising of $30M and 3M+ users. This funding boosts their resources to tackle the needs of the growing user base.
With the new funding, Thunkable is ready to expand the product line, invest in community development, build key partnerships and improve the platform.
Let’s look at how they will use the funding to benefit their customers.
Increased Accessibility of Thunkable
Thunkable plans to use the funds to further increase the accessibility of Thunkable, so more people can easily create apps without any prior programming experience. With the new funding, Thunkable will be able to enable new languages and platform support and create a more user-friendly interface designed for beginners.
With more funding, Thunkable can hire additional engineers and developers to expand its product line and foster collaboration. Through increased availability of resources, we will be able to provide our users with an even more comprehensive platform that encourages creativity and innovation. We also hope that our new collaborations with other creative minds at different facets of mobile app development might bring about ground-breaking ideas which are not achievable through solo efforts.
Furthermore, with extra resources, Thunkable also plans to invest heavily into research & development activities. Hence, ensure that our existing products become smarter and easier for users at all levels. Lastly, we want to ensure that our users gain trust in us for their innovative projects and rely on us for continual support; this funding aims to guarantee such by allotting extra budget for user feedback evaluation and bug fixing sessions.
Improved User Support
The funding can be used to improve user support, resulting in a better customer experience. This could mean investing in user feedback surveys and analytics, training staff on customer service techniques, providing support services such as live chat or email assistance, or engaging with customers on social media to address their queries.
Optimizing the customer service process also helps ensure that customers can easily access the help they need quickly, reducing response times and improving the overall quality of service. By investing in improved user support, organizations can provide an enhanced user experience tailored to specific needs and wants. This could mean higher conversion rates for sales and services and increased customer loyalty, leading to a stronger competitive advantage in the market.
Improved User Experience
With the new funding, Thunkable can significantly improve users’ experience.
We plan to use the funding to facilitate a faster, better and more intuitive user experience. We want people from all backgrounds and skill levels to be able to build and create applications easily — without complicated coding courses or difficult tutorials.
We also plan to invest in building a more powerful engine that can use today’s leading technologies such as artificial intelligence (AI) and machine learning (ML). AI and ML can help customize applications better — like providing personalized react experiences with smarter content presentation — while making development easier for developers.
This will enable us to rapidly improve the platform’s machine learning algorithms and automation processes.
The goal is eventually provide true “What you See Is What You Get” (WYSIWYG) functionality so that anyone can quickly create powerful mobile apps without any technical knowledge required. In addition, we also want users to have access a wide range of tools, from simple drag-and-drop components like forms, grids etc., all the way up to custom functions for advanced tasks such as image recognition.
Thunkable’s new funding will enable them to continue their mission of making coding and app development more accessible. With the new funds, they plan to increase their user base and improve the experience for existing users. They also plan to build more robust functionality and add features to their platform.
In conclusion, Thunkable’s new funding will help them to achieve their objectives and further enhance their platform.
Summary of Thunkable’s Plans
This past month, Thunkable announced that it had secured $25M in series B funding to expand the scope of its business model. The funds will be used to expand the scope and reach of Thunkable’s low-code mobile app platform, which has been bringing mobile development to a wider audience since 2016. With this new funding, Thunkable is planning on executing the following initiatives:
1) Increase the pace of product innovation and development. As one of their primary objectives, Thunkable will use the new funding to invest heavily in improving its existing product suite and creating new products designed for different user levels. On top of this, they also plan on using A/B testing to hone their technologies and develop comprehensive growth strategies for product market fit.
2) Further democratize coding knowledge – Another initiative that Thunkable plans to explore with its new funds is helping more people access coding knowledge directly within their platform. They expect this move will enable them to better cater to the needs of both experienced developers and those who are just starting in coding.
3) Strengthen their customer facing initiatives – Lastly, Thunkable intends to use its new capital to invest further into building customer support services to better provide resources and solutions for issues users may encounter when building apps with their platform. Their ultimate aim is help make developing mobile apps with their platform smoother and more seamless than ever before.
Long-term Impact of Thunkable’s Funding
Thunkable, a mobile application software development platform, recently raised $19 million in funding. This is positive news for the tech startup industry as this opens up new possibilities and opportunities to build better mobile applications. However, it is also beneficial on a larger scale. The funding will enable Thunkable to make long-term investments that promote user adoption and help businesses build apps quickly and efficiently.
Thunkable’s fundraising initially aimed to invest in the platform’s core technology capabilities. This includes building user interface tools that can simplify and accelerate app development and expanding their team of experienced engineers and designers through recruitment initiatives. In addition, they plan on investing in marketing initiatives that will help promote the platform with app developers, large enterprise companies and smaller business owners.
Furthermore, Thunkable plans on utilising the funds raised to offer educational programs for app developers who want to improve their coding skills or for those just getting started with developing an app but are unaware of how to do so efficiently. Additionally, Thunkable plans to invest in product innovation that will bring new features to their platform such as cloud computing and AI technologies which will enhance the existing functionality of their current software package within the App Marketplace.
In terms of long-term impact, Thunkable’s recent funding round can serve as an example for other startups who are striving towards different forms of growth capitalisation due to its success in achieving its desired goals such as expanded user engagement (due to partial scalability) or even organic promotion initiatives with prominent stakeholders through strategic partnerships/ investments etc., thus contributing directly towards economic stimulation while also reaping direct customer loyalty & satisfaction value propositions (due reductions cost & fee models).