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Analysis of investment in web applications. Accel Partners invests in Dashdash


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BY : Diego GutiérrezJune Mon, 2018

We analyse, from a corporate finance point of view, the investments made in the development of new web applications. Dashdash closes an €8M round with a group of investors led by Accel Partners. Allows users to create web applications by simply knowing how to use Excel.

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We analyse, from a corporate finance point of view, the investments made in the development of new web applications. Dashdash closes an €8M round with a group of investors led by Accel Partners. Allows users to create web applications by simply knowing how to use Excel.

Dashdash and the simple way to make applications

Dashdash is a German company founded in 2016 with offices in Berlin and Porto. It allows users to create applications using only spreadsheet skills. Creating a web application usually relies on the coding skills or navigating complex processes of IT departments and agencies. Business managers constantly work with data and applications, but lack the tools to customise and automate them to optimise workflows.

Dashdash is creating a platform that will allow users to create web applications using only their spreadsheet skills. It combines a familiar interface with a sophisticated system that offers powerful functionalities and integrations. However, it removes barriers to entry for users with no programming experience.

With Dashdash, users can write formulas in cells that can be connected to online services and automate their workflows, e.g. marketing campaigns, lead generation activities or dashboards.

CORPORATE FINANCE EXPERTS

Analysis of the operation

On 16 May 2018 the signing of the agreement took place between Dashdash and a group of investors led by Accel Partnersone of the most active investors in Big Data, with the help of Cherry Ventures, Atlantic Labs and other investors, and as mentioned above, the negotiations concluded with an equity investment of €8m.

The new capital will be used for expansion and product development. In particular, Dasdash will strengthen its engineering team in Porto, hiring 20 new engineers in the coming months. However, the platform is in closed beta phase and will be definitively launched to the market by the end of this year, 2018.

 

Other investments in the web applications sector

Company Description Country Amount Date
Netsparker Netspaker is a web application security scanner. UK $40M 08/03/2018
Cabify Cabify is a transportation network that connects users with vehicles through an app. Spain $160M 22/01/2018
Canva Canva facilitates the graphic design of web applications. Australia $40M 09/01/2018
Sentry Sentry is a platform for calculating workflow productivity. USA. USA. $16M 23/05/2018
Updox Updox offers document management and communication solutions for doctors. USA. USA. $12,7M 10/05/2017

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If you are looking for investors, want to buy or sell your company or finance your R&D&I project, contact our Corporate Finance experts.

If you are looking for investors, want to buy or sell your company or finance your R&D&I project, contact our Corporate Finance experts.

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