Skael, which provides no-code automation tools for enterprises, raises a $38M Series A led by RTP Global, bringing its total funding to $42M
No-code platforms, which let users create apps leveraging tools that don't require programming knowledge, are gaining popularity in the enterprise as their value becomes apparent.
Context & Ripple Effects
Skael's $38M Series A lands in the middle of a two-year funding run for enterprise no-code and low-code automation. Bryter raised $66M in Series B funding to push into the US, Retool hit a $1.85B pre-money valuation on a $20M Series C, and AirSlate followed with $51.5M at a $1B+ valuation — all within roughly a year of this round.
What distinguishes Skael is the round size at stage: $38M for a Series A dwarfs the $14M Series A that process-automation peer Skan raised in late 2020, signaling that investors are now underwriting no-code vendors with later-stage capital earlier in their lives.
First-order effects
- Skael gains the runway to scale its no-code automation platform for enterprise buyers, while RTP Global takes an early position in a category where comparable vendors are already clearing $1B valuations.
Second-order effects
- AirSlate, Retool, and Bryter now compete against a newly capitalized rival in a market where each funding round raises the sales and engineering spend needed to stay visible to enterprise buyers.
Third-order effects
- If the funding cadence holds, enterprise app development keeps migrating from engineering teams to business users, pressuring traditional custom-development spend and pushing the category toward consolidation around a few heavily capitalized platforms.
The trend: Venture capital is flowing into enterprise no-code automation at rising valuations and earlier stages, shifting who inside the enterprise can build software.