CapitalG, the growth equity arm of internet and technology conglomerate Alphabet, co-led an $80m series B round for US-based enterprise software development platform Unqork on Thursday.
The round was co-led by undisclosed existing investors and included funds and accounts managed by investment asset manager BlackRock.
Unqork has created a software development platform that enables enterprises to build complex applications using a visual, no-code interface where users can drag-and-drop programming instructions from a library of templates.
The company’s clients include investment bank Goldman Sachs, insurance firm Liberty Mutual and recruitment consultancy Careerwise. Its headcount has grown from 30 to more than 150 over the course of 2019.
The series B cash will fund further recruitments in Unqork’s engineering, training and market teams as it prepares to expand into more geographical markets and introduce its software into new industries.
Unqork said it has now raised more than $110m since it was founded in 2017, including $22m in an April 2019 series A round led by investment bank Goldman Sachs vehicle Goldman Sachs Principal Strategic Investments.
Financial services technology analytics provider Broadbridge Financial Solutions also took part in the round along with all of Unqork’s seed round investors, including Summerfield Capital Management, Blue Seed Collective and Bradford Brown Capital Partners.
The company had previously secured $5.2m from undisclosed investors in March 2018 according to a regulatory filing.