Innoloft, the no-code startup that recently raised €2 million in funding from Dutch VC Capital Mills — the firm's first-ever investment in a German company — offers a platform that allows businesses to develop web applications without needing any programming knowledge.
Capital Mills, known for its investment in B2B software companies, provides two types of funding: revenue-based financing up to €1.25 million and equity up to €2.5 million. With over 60 investors, the VC firm has backed firms like Convious and Mopinion.
With aspirations to boost product development and grow its user base, Innoloft plans to leverage the recent funding received. The startup, established in 2019, has already gained traction with over 70,000 end-users, including prominent clients like Deutsche Telekom and Aachen University.
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