Nexus Venture Partners leads a $1.5 million seed investment round for ToolJet

Powered by SaaS Industry

ToolJet, an open-source low-code software for creating internal tools, has raised $1.5 million in a seed funding round led by Nexus Venture Partners, with participation from Better Capital, Alan Rutledge, Ratio Ventures, and enterprise founders, operators, and investors including Sony Joy (head of Enterprise at Truecaller) Rohan Murty (founder of Soroco),, Vipul Amler (founder of Saeloun), Mohammed Hisamuddin (founder of Entri), and Abhi

The funds will be used to built the company’s personnel and expedite the development of ToolJet’s core platform.

Companies can use ToolJet’s technology to create internal tools with minimal engineering effort. Although ToolJet’s platform is still in its infancy, it has already attracted the attention of hundreds of startups, scale-ups, and even unicorns. ToolJet now supports over 15 data sources, including MongoDB, PostgreSQL, Google Sheets, and Amazon S3.

Companies are under pressure to do more with what they have. Open-source low-code tools enable developers to deliver what the business needs quickly and securely with enough flexibility to customize and extend,” said¬†

Navaneeth PK, Founder and CEO, ToolJet

Navaneeth PK founded ToolJet in April 2021. Navaneeth previously co-founded MobioPush, which Freshworks acquired in 2015. Toojet’s staff has a lot of experience with enterprise SaaS apps.

Navaneeth PK founded ToolJet in April 2021. Navaneeth previously co-founded MobioPush, which Freshworks acquired in 2015. Toojet’s staff has a lot of experience with enterprise SaaS apps.

According to Gartner, Inc.’s latest projection, the global low-code development technologies market will be worth $13.8 billion in 2021. Low-code usage is supported by the cost optimization efforts and remote development due to the current COVID-19 pandemic.

Total
0
Shares
Previous News Post
Next News Post
Related Posts

Become SaaS smart in just 5 minutes

Get the daily email that makes reading the SaaS news actually enjoyable. Stay informed and stimulated, for free