Bryter, which offers a no-code service to build enterprise apps, raises $66M Series B led by Tiger Global to expand in the US
No-code startups continue to see a lot of traction among enterprises, where employees — strictly speaking, non-technical, but still using software every day …
Context & Ripple Effects
Bryter is scaling fast through the same playbook it started with: its $16M Series A in mid-2020 positioned the Berlin-based platform for non-technical enterprise builders, and this $66M Series B — nearly four times that round — funds a push into the US market. The round lands in a crowded but well-capitalized lane: Bubble raised $100M months earlier, EasySend took $55.5M, and Appsmith and Skael have since added $41M and $38M respectively.
The lead investor matters as much as the amount. Tiger Global was running one of the most aggressive growth-stage programs of the COVID era, a cadence contemporaneous coverage credited with rapidly minting unicorns. Its stamp on Bryter signals the firm sees no-code enterprise tooling as a category worth consolidating at scale.
First-order effects
- Bryter gets the war chest to open a US go-to-market, putting it head-to-head on enterprise turf with better-funded US rivals like Bubble rather than staying Europe-focused.
- Non-technical enterprise employees — the buyers Bryter targets — gain a vendor with US presence and Series B resources behind its automation platform.
Second-order effects
- Every rival in the corpus (Bubble, EasySend, Appsmith, Skael) now faces pressure to match Tiger-scale rounds and accelerate their own fundraising before valuations tighten.
- Tiger Global's concentration across these deals concentrates pricing power in one investor's thesis: its conviction effectively sets the valuation bar the whole no-code segment is marked against.
Third-order effects
- If the pattern holds, enterprise app-building splits between dedicated no-code platforms absorbing IT backlog work and traditional development tools, forcing incumbents to decide whether to acquire or compete.
- The same Tiger Global momentum that inflated this cohort later cut Superhuman's valuation by 45%, so the category's structural question becomes whether no-code adoption justifies COVID-era marks when growth-stage repricing arrives.
The trend: Enterprise software is moving through a heavily-funded no-code wave in which non-technical employees become primary app builders, with Tiger Global's deployment pace setting both the funding floor and the eventual repricing risk for the category.