Posted on Jul 28, 2021 at 9:00 AMUpdated on Jul 28, 2021, 9:31 AM
18 months. This is on average the recurrence at which a start-up raises funds. At Bubble, we are well above this average. This young American shoot, which allows you to create applications without needing to code, has only completed two rounds of funding since its creation in 2012. The first took place in 2019 for an amount of $ 6.25 million. And the second has just been completed to the tune of $ 100 million from Insight Partners, SignalFire, Neo, BoxGroup, ThirdKind, and several business angels, including the founders of the cloud nugget Datadog.
“We did not raise money during our first seven years of existence because we believe that raising money too early forces us to have strong growth within two years”, explains Emmanuel Straschnov, co-founder of Bubble , who did not pay himself a salary for five years. Faced with the massive influx of money into the world of venture capital, Bubble would have been wrong to do without. Above all, the young shoot was one of the lucky winners of the crisis, with an income tripled for 12 months. “Companies have sought to reinvent themselves with the Covid. And they had to do it inexpensively, ”says the French leader.