Total amount raised
$18.6 Millions
Latest funding date
08/01/2021
Location
Uizard has successfully raised funding through a Series A round, attracting 14 investors including Insight Partners and LDV Capital. The platform leverages AI to simplify UI and UX design processes, offering tools for wireframing, mockups, and prototypes.
Keep reading to explore the intricacies of Uizard's fundraising journey and the investors backing this innovative platform.
What Is Uizard?
Uizard, founded on February 15, 2018, is based in Copenhagen, Hovedstaden, Denmark. The company specializes in AI-powered design tools that simplify the process of creating user interfaces for web and mobile applications.
Uizard's platform offers features like generating UI designs from text prompts, converting hand-drawn sketches into wireframes, and transforming screenshots into editable designs. The company was founded by Florian van Schreven, Henrik Haugbølle, Ioannis Sintos, and Tony Beltramelli.
With a team of 51-100 employees, Uizard aims to make design accessible and efficient for product teams, designers, marketers, and developers. Their tools include pre-made design templates and UI components for rapid and collaborative ideation and iteration.
How Much Funding Has Uizard Raised?
- Pre-Seed Round
- Amount Raised: $800K
- Date: May 2018
- Lead Investors: LDV Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch Uizard's AI-powered design tool.
- Seed Round
- Amount Raised: $2.8M
- Date: September 2019
- Lead Investors: byFounders
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To bring Uizard's product to market and further develop its technology.
- Series A
- Amount Raised: $15M
- Date: August 2021
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and expand its market reach.
Total Amount Raised: $18.6M. Current Valuation: Not publicly disclosed.
Key Investors
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm that invests in growth-stage technology, software, and internet businesses. They have a strong track record of supporting companies through various stages of growth.
- Investment Focus Areas: Technology, software, internet businesses.
- Notable Investments: Not publicly disclosed.
- byFounders
- Details: byFounders is a venture capital firm that invests in early-stage technology companies in the Nordic and Baltic regions. They are known for their strong network of founders and operators.
- Investment Focus Areas: Early-stage technology companies, Nordic region, Baltic region.
- Notable Investments: Not publicly disclosed.
- LDV Capital
- Details: LDV Capital is a venture capital firm that focuses on investing in people building businesses powered by visual technologies. They have a niche focus on visual tech innovations.
- Investment Focus Areas: Visual technologies.
- Notable Investments: Not publicly disclosed.
- av8 Ventures
- Details: av8 Ventures is a US-based venture capital firm that invests in early-stage technology companies. They aim to support innovative startups with high growth potential.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Not publicly disclosed.
- New York Venture Partners
- Details: New York Venture Partners is a venture capital firm that invests in early-stage technology companies. They provide strategic support and resources to help startups scale.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Not publicly disclosed.
What's Next for Uizard?
Uizard stands at the cusp of significant growth opportunities, driven by the increasing demand for AI-powered design tools. With the ability to convert sketches into functional prototypes, Uizard is poised to expand its user base globally, tapping into the burgeoning app development market. The recent addition of a Chief Commercial Officer signals readiness for future fundraising rounds to support this expansion.
However, the path ahead is not without challenges. Uizard will need to navigate competition from other AI-driven development tools and ensure their technology meets diverse app development needs. Maintaining product quality while scaling operations will be crucial for sustained success.
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