Unqork, a no-code application platform, has closed an additional $51m in funding, upping its Series B to a total of $131m.
The new investment was supplied by Goldman Sachs, Aquiline Technology Growth and World Innovation Lab. These backers join Unqork’s other Series B investors which are being led by growth equity firm CapitalG.
With the round closed, Unqork is looking to grow its sales and marketing teams across the US and other countries, as it looks to meet demand. Additionally, it will continue to invest into its engineering team.
Other initiatives for the coming year including establishing more partnerships and expand its community.
Unqork supplies a no-code application platform which helps large enterprises create complex, custom software solutions. The technology is used in the financial services, insurance, real estate, government, education and healthcare sectors.
Financial services use the platform to easily implement new solutions for onboarding and servicing, risk assessments, product selection, broker and dealer portals, and product stability.
Goldman Sachs vice president Sarah Shenton said, “We can say firsthand that Unqork is changing the way the financial services industry thinks about enterprise technology and how it gets built.
“Time and time again we see the power of the Unqork platform turn skeptical IT leaders into true believers.”
Copyright © 2020 FinTech Global