Thunkable Empowers Citizen Developers with $30M Series B

Thunkable, the innovative no-code mobile app development platform, has successfully raised $30 million in Series B funding, bringing the company's total funding to $45 million and achieving a $200 million valuation.

Democratizing App Development

Thunkable has emerged as a leader in the no-code movement, enabling anyone to create native mobile apps without writing a single line of code. The platform has democratized app development, allowing educators, entrepreneurs, and businesses to bring their ideas to life.

Platform Capabilities

• Drag-and-Drop Interface: Visual app building with intuitive components
• Cross-Platform Deployment: Build once, deploy to iOS and Android
• Real-Time Testing: Live preview and testing capabilities
• Backend Integration: Connect to databases and APIs seamlessly

User Growth and Adoption

The platform has experienced remarkable growth, with over 6 million registered users creating more than 8 million apps. Thunkable serves a diverse community including students, educators, small businesses, and enterprise teams.

Key User Segments

• Education: Over 10,000 schools using Thunkable for computer science education
• Small Business: Entrepreneurs creating customer-facing apps
• Enterprise: Companies building internal tools and prototypes
• Individual Creators: Hobbyists and aspiring app developers

Funding Round Details

The Series B round was led by Owl Ventures, with participation from existing investors NEA and Lightspeed Venture Partners.

Investment Focus

1. Platform Enhancement: Advanced features and improved user experience
2. Educational Expansion: Growing presence in schools and universities
3. Enterprise Sales: Building dedicated enterprise solutions
4. Global Growth: International market expansion

Educational Impact

Thunkable has made significant inroads in education, partnering with schools and organizations to teach computational thinking and app development skills to students of all ages.

Educational Initiatives

• Curriculum Integration: Pre-built lesson plans and teaching resources
• Teacher Training: Professional development programs for educators
• Student Competitions: App development challenges and showcases
• University Partnerships: Collaborations with computer science programs

Technology Innovation

The company continues to push the boundaries of no-code development with advanced features and integrations.

Recent Platform Updates

• AI-Powered Components: Smart suggestions and automated workflows
• Advanced Data Handling: Improved database connectivity and management
• Performance Optimization: Faster app compilation and deployment
• Collaboration Tools: Team-based development and sharing features

Market Position

Thunkable operates in the rapidly growing no-code development market, which is expected to reach $65 billion by 2027. The company faces competition from other no-code platforms but has carved out a strong position in mobile app development.

Competitive Advantages

• Mobile-First Focus: Specialized expertise in mobile app development
• Educational Adoption: Strong presence in schools and educational institutions
• Community-Driven: Active user community and marketplace
• Ease of Use: Intuitive interface accessible to complete beginners

Future Strategy

With the new funding, Thunkable plans to accelerate its mission of making app development accessible to everyone, with particular focus on educational impact and enterprise adoption.

Strategic Priorities

• AI Integration: Enhanced artificial intelligence features
• Enterprise Features: Advanced collaboration and security capabilities
• Global Expansion: Localization for international markets
• Partnership Development: Expanded ecosystem of integrations and partnerships