In 2021, there were nearly double the amount of mobile devices in the world as there were people. With an estimated 15 billion mobile devices operating around the world, the demand for mobile-optimized content grows more urgent every day.
Lumavate, a SaaS company designed to make it easy for businesses to create mobile apps, has announced it has secured $6 million in new funding to fuel product innovations and overall company expansion.
The funding was led by Gutbrain Ventures and PBJ Capital, with additional participation coming from Allos Ventures, BioCrossroads, Collina Ventures, and 4G Ventures.
“This significant funding round demonstrates confidence in our team, product, and vision as we continue to accelerate Lumavate’s platform and scale our go-to-market efforts,” said Stephanie Cox, CEO of Lumavate.
“Businesses face enormous pressure to create mobile app experiences for customers and employees that are engaging and drive results – the challenge begins with designing and building the app. We help break through the typical development barriers by enabling business users to build without needing to know any code – to deliver an intuitive app experience at scale that delights their customers.”
The platform is designed to democratize app development for businesses and marketers of all levels. Its easy-to-use solution helps users create apps without the use of code or prior app development experience.
Marketers can design, build, and publish modern apps within minutes to upgrade their mobile marketing and engagement capabilities.
Lumavate’s platform is trusted by thousands of enterprise organizations around the world such Indiana University Health, Republic Airways, Herff Jones, and Delta Faucet. Its platform has been recognized by G2 during Winter 2022 as an easiest to use solution, high performer, easiest setup, and more notable accolades.
The company experienced major growth in 2021, increasing 216 percent in the volume of apps built and 173 percent in its library of app-building functionalities.
“Technology solutions that don’t require deep technical coding expertise are becoming a go-to for enterprises,” said Bob Davoli, Managing Director at Gutbrain Ventures.
“We were impressed by how Lumavate is challenging the marketing status quo with a SaaS mobile app building platform. We look forward to working with the company to help them grow a disruptive platform offering.”