No-Code Software Startup Unqork Reaches $2 Billion Valuation
October 06 2020 - 10:49AM
Dow Jones News
By Colin Kellaher
Software startup Unqork on Tuesday said it raised $207 million
in a Series C funding round, bringing its valuation to $2
billion.
The New York-based no-code software application platform said
funds and accounts managed by BlackRock Inc. led the round, which
brings total funding to $365 million and makes Unqork a unicorn, or
a privately held startup valued at $1 billion or more.
New investors Eldridge, Fin Venture Capital, Hewlett Packard
Enterprise Co., Schonfeld Strategic Advisors and Advent
International's Sunley House Capital Management also participated
in the round, along with existing investors Goldman Sachs Group
Inc., Broadridge Financial Solutions Inc., Aquiline Technology
Growth, World Innovation Lab and Alphabet Inc.'s independent growth
fund CapitalG.
Unqork, launched in 2017 by former MetLife Inc. chief
information officer Gary Hoberman, helps companies build, deploy
and manage complex applications without writing their own code. The
company, which counts Goldman, Aon PLC and Liberty Mutual Group
among its customers, earlier this year swiftly built a digital
platform to help New York City deliver tens of millions of free
meals to residents affected by the coronavirus pandemic.
Unqork said it will use the new funding to expand its sales
force to meet rising demand and to invest further in its
technology.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 06, 2020 10:34 ET (14:34 GMT)
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