# AppGyver

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

- Industry: Software
- Headquarters: Helsinki, Finland
- Website: www.appgyver.com
- Total disclosed funding: $9.9M
- Latest round: Series A (Oct 12, 2017)
- Investors on record: 4

## About

Based in Finland, AppGyver Inc. develops a no-code application development platform, enabling users to create web and mobile applications without programming skills, catering to a diverse range of customers across various markets worldwide.AppGyver Inc. is a no-code application development company based in Helsinki, Finland, founded in 2010 by Calvin C. and Henri Vahakainu. The company has engaged in 7 deals and was acquired by SAP SE in February 2021 for undisclosed financial terms. The latest funding round occurred in 2021, raising EUR 2.000 mn from investors including Karma Ventures and OpenOcean, bringing the total amount raised to EUR 2.000 mn.The company's core offering is a no-code application development platform, now branded as SAP Build Apps, allowing users to build web and mobile applications without programming expertise. It features cloud functions for back-end creation, enhancing integration with SAP solutions. The platform addresses the needs of small businesses, educational institutions, and individual developers, facilitating collaborative app development in North America, Europe, and parts of Asia.In the most recent year of 2023, AppGyver Inc. reported a revenue of EUR 641,589.50 with an EBITDA of EUR -6,121,635.10, reflecting the financial dynamics within its subscription-based pricing model for the no-code development platform.AppGyver aims to expand its product offerings with new features aimed at enhancing the SAP Build Apps platform. The company is targeting market expansion in Europe and North America by 2023. The recent funding will support these initiatives, focusing on product development and market penetration following its 2021 acquisition by SAP SE.

## Funding rounds

- Series A, Oct 12, 2017, $5.3M — OpenOcean, Karma Ventures
- Series A, Oct 30, 2016, $2.1M — OpenOcean, Initialized Capital
- Seed, Mar 26, 2014, $2.5M — OpenOcean, Initial Capital

## Investors

- OpenOcean (https://capitalatlas.ai/funds/openocean) — Seed, Series A
- Initial Capital — Seed
- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Series A
- Karma Ventures (https://capitalatlas.ai/funds/karma-ventures) — Series A