B2B SaaS
Q4 202309.11.2023

No/Low Code & Dev Tools

Picture of Éanna Kelly

Éanna Kelly

at Sifted

Startups are bringing the power of coding to non-specialists and vying for a piece of the nebulous — but always-hot — world of “business process automation”. Tech industry research firm Gartner predicts as many as 70% of new applications will be made with no/low code software by 2025.

So the economy’s not great right now — but there have been worse moments to be selling supercharged spreadsheets, automated workflows and piles of easy-to-grab templates (preferably all with a hearty sprinkling of AI). Companies are terrified that GenAI will leave their tech stacks in the dust — hence the clamour to throw sacks of money at new dev tools.

Investors are duly chasing anything with a whiff of ChatGPT. In what Sifted’s calling the era of the silly seed round, French startup Poolside raised a $126m seed round in August to build a ChatGPT-like system trained on code. It won’t be the last big raise in 2023 either: even if we’re all cutting back, software finds a way to force open the purse strings.

20 most promising early-stage startups

  • y42 logo

    Sifted score

    8.4
    -

    y42

    • Strong investor(s)
    • Serial founder(s)
    • Hiring

    • Year founded

      2020

    • HQ

      Berlin, Germany

    • Latest round

      Series A
      €26.6m / Oct 2021

    • Total funding

      €29.2m

    View company profile
  • Blobr logo

    Sifted score

    8.1
    -

    Blobr

    • Strong investor(s)
    • Serial founder(s)
    • Hiring

    • Year founded

      2020

    • HQ

      Paris, France

    • Latest round

      Seed
      €5m / Feb 2023

    • Total funding

      €6.2m

    View company profile
  • Decipad logo

    Sifted score

    6.93
    -

    Decipad

    • Strong investor(s)
    • Serial founder(s)

    • Year founded

      2020

    • HQ

      London, United Kingdom

    • Latest round

      Seed
      €3.8m / Mar 2022

    • Total funding

      €3.8m

    View company profile
  • Causal logo

    Sifted score

    6.9
    -

    Causal

    • Strong investor(s)
    • Hiring

    • Year founded

      2019

    • HQ

      London, United Kingdom

    • Latest round

      Series A
      €18.4m / Mar 2022

    • Total funding

      €22.2m

    View company profile
  • Shopstory logo

    Sifted score

    6.58
    -

    Shopstory

    • Serial founder(s)
    • Hiring

    • Year founded

      2019

    • HQ

      Vienna, Austria

    • Latest round

      Seed
      €3m / Oct 2023

    • Total funding

      €5.5m

    View company profile

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