# Adalo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/adalo

- Industry: Internet
- Headquarters: St. Louis, US
- Website: www.adalo.com
- Total disclosed funding: $9.7M
- Latest round: Series A (Apr 20, 2021)
- Investors on record: 4

## About

Adalo, Inc. is a software company specializing in a no-code app builder that empowers users to create mobile and web applications without programming knowledge, effectively catering to a diverse audience.Adalo, Inc. was founded in 2018 in St. Louis, US. The company offers a no-code app creation platform designed for users to build mobile and web applications easily. Its founders include Adalo Ace, Ben Haefele, and David Adkin, with David Adkin serving as the CEO. In April 2021, Adalo raised USD 8 million in Series A funding, led by Tiger Global Management with participation from Oceans Ventures and OldSlip Group. The total amount raised by the company stands at USD 8 million after this round.Adalo’s core offerings center around its no-code app builder, designed to facilitate the creation of mobile and web applications for users without programming expertise. The platform allows users to drag and drop components to design apps tailored to specific business needs, featuring customization options such as fonts, color palettes, and logos. Adalo's flexible database options support both an internal database and integration with external backends like Xano and Airtable, catering to businesses looking for versatile data management solutions. The product is aimed at a diverse client base, including small business owners, entrepreneurs, and organizations seeking to enhance customer engagement through custom applications. Adalo operates in multiple geographical markets, with users spanning North America, Europe, and Asia, as it provides a platform that enables app publication across various app stores and custom domains.Adalo generates revenue primarily through a subscription model, where users can build and publish their applications on different platforms. The pricing structure is geared towards providing tiered access to various features, including basic app building capabilities to more advanced functionalities like payment integration and custom actions. Clients engage with Adalo by initially creating their applications for free and then selecting a plan that allows for publishing to app stores or custom domains. Specific pricing plans detail the costs associated with different levels of service, enabling users to choose according to their needs. Adalo’s flagship product, the no-code app builder, appeals to both B2B and direct-to-consumer markets, helping users streamline their app development process while maximizing growth potential and user engagement.In April 2021, Adalo, Inc. raised USD 8 million in Series A funding, with plans to utilize this capital to expand product development and triple its headcount over the next 18 months. The company aims to introduce new products in its no-code platform, enhancing functionality for users. Additionally, Adalo is looking to penetrate new geographic markets, focusing on expanding its presence in regions including Europe and Asia by the end of 2022.

## Funding rounds

- Series A, Apr 20, 2021, $8M — Tiger Global Management, Oceans Ventures, OldSlip Group
- Seed, Jan 22, 2020, $1.7M — Rainfall Ventures

## Investors

- Rainfall Ventures (https://capitalatlas.ai/funds/rainfall-ventures) — Seed
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series A
- Oceans Ventures (https://capitalatlas.ai/funds/oceans-ventures) — Series A
- OldSlip Group (https://capitalatlas.ai/funds/oldslip-group) — Series A