Skuid, a US-based app development platform backed by cloud computing firm Salesforce, raised $25m in a series B round on Monday led by multi-family office Iconiq Capital.
Private equity firm K1 Investment Management also participated in the round, having previously led Skuid’s $6.6m series A round in February 2016. Matthew Jacobson, general partner at Iconiq Capital, will join the company’s board of directors.
Founded in 2013, Skuid has built a cloud-based platform that enables companies to create apps which are able to connect data from sources such as Salesforce’s customer relationship management service and Microsoft’s suite of programs, without the need to write code.
Salesforce Ventures, the corporate venturing arm of Salesforce, made a seed investment of undisclosed size in Skuid in 2014, shortly after launching a $100m dedicated fund that focuses on startups exploiting its Salesforce1 platform.
Ken McElrath, founder and chief executive of Skuid, said: “Our customers want to innovate faster. By eliminating the need to write code, companies can build dashboards and assemble entire enterprise apps in a more agile way.
“This round of funding will help us help our customers to accelerate innovation, delivering more human-centred applications to more companies that need them, in much less than half the time required by traditional methods.”