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No-code startup Bryter just raised $66 million from Tiger Global without a pitch deck for its US expansion

Published by Business Insider on Wed, 07 Apr 2021


<p><img src="https://static3.businessinsider.com/image/5fac587898669500182b5803-2400/team bryter desk (wecompress.com).jpg" alt="Bryter" data-mce-source="Bryter" data-mce-caption="Bryter founders Michael Grupp, Micha-Manuel Bues, and Michael Hbl." border="0"></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><p>No-code startup Bryter has raised a bumper $66 million funding round from private equity giants Tiger Global.&nbsp;</p><p>The funding comes just eight months after the startup's Series A as Bryter looks to accelerate its expansion in the US market.</p><p>The startup promises to make it easier for fellow businesses to build enterprise apps "without writing a line of code", across functions such as legal, accounting, compliance, and HR.</p><p>Michael Grupp, CEO of Bryter, said the firm brought forward its funding from a planned December raise.</p><p>"We have been in touch with Tiger Global for a year, they have done their homework, know the market and our customers and the funding will help us grow a global software company," he told Insider.</p><p>The company, founded in 2018, <a href="https://www.businessinsider.com/bryter-pitch-deck-raises-16-million-for-us-expansion-2020-6">previously raised $16 million from European investors Dawn Capital and Accel </a>in a Series A round in June 2020. Grupp said that the company signed a term sheet with Tiger Global just a week after formally receiving the offer with the round closing just a few weeks later.&nbsp;</p><p>The startup counts clients such as PwC, Deloitte, McDonald's and Telefnica, developing virtual assistants, chatbots, self-servicing applications and other intelligent automation tools.&nbsp;</p><p>The round brings the total capital raised by Bryter to-date to $90 million.</p><p>"Bryter has all the characteristics of a top-tier software company: high quality product that solves a real customer pain point, a large market opportunity and a world-class founding team," John Curtius, Partner at Tiger Global, said.</p><p><a href="https://www.businessinsider.com/no-code-startup-bryter-raises-66m-from-tiger-global-in-us-push-2021-4#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="https://www.businessinsider.com/what-its-like-make-beer-with-picobrew-c-home-brew-2020-3">We tested a machine that brews beer at the push of a button</a></p>
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