Berlin and Porto-based Dashdash, a creator of tools that make computation accessible to everyone, has secured $8 million in Series A funding. Accel led the round with participation from other investors that included Cherry Ventures and Atlantic Labs.
Berlin/Porto, 16th May 2018: dashdash, a company that creates tools to make computation accessible to everyone, today announces an $8 million Series A led by Accel, with participation from Cherry Ventures, Atlantic Labs, and angel investors including Felix Jahn, founder of Home24, and David Schneider, co-founder of Zalando.
Building an interactive web app typically relies on coding skills or navigating complex processes of IT departments and agencies. Business managers constantly work with data and applications, but lack the tools to customize and automate them to optimize workflows.
dashdash is building a cloud platform which allows people to create web applications using just their spreadsheet skills, democratizing computing. It combines a familiar interface with a highly sophisticated backend, offering powerful functionality and integrations not supported by traditional spreadsheet tools and removing the barrier to entry for users without programming experience.
Users can type formulas into cells which can connect to online services and automate their workflows like marketing campaigns, lead generation activities or dashboards. The platform is currently in closed beta, and will be launched more widely later this year.
dashdash, which has until now operated in stealth, was founded by serial entrepreneurs Humberto Ayres Pereira and Torben Schulz, two of the co-founders of online food delivery service EatFirst. The company has offices in Berlin and Porto, chosen for their combination of engineering talent and vibrant startup communities.
Humberto Ayres Pereira, co-founder of dashdash, said:
“We started dashdash to democratize app creation, giving people without any coding skills the opportunity to harness data and computation. By removing the need to learn programming languages and making developing apps as simple as building a Lego set, we’re aiming to usher in the next billion programmers. Today’s investment is the first step of an ambitious journey, and we’re excited to have the backing and support of Accel and Cherry Ventures as we work towards this goal.”
Today’s investment will be used for expansion and product development. In particular, dashdash will be bolstering its engineering team in Porto, Portugal, with plans to hire 20 top engineers over the coming months.
Accel’s Andrei Brasoveanu, who led the round, will be joining dashdash’s board. He said:
“We’re excited to partner with the dashdash team to help them achieve their mission of creating tools that make computation accessible to everyone. Humberto and Torben are seasoned entrepreneurs with unquestionable drive and ambition, and they share a vision of what’s needed to build a world-class user-friendly product with a highly technical backend. We look forward to working closely with dashdash as they roll out their product and reach the next stage of growth.”
Filip Dames, Founding Partner at Cherry Ventures, will also be joining the board. He said:
“We see a new wave of highly technical founding teams, building ambitious software companies from Berlin – Torben and Humberto are a perfect example for this. Our early backing in the seed round of dashdash was based on our conviction of the team’s ability to translate a very clear vision into delivering a superior product, tapping into the shift towards open computing.”
dashdash creates tools to make computation accessible to everyone. The company is building a cloud platform for building web apps in an easy, connected and powerful way. The platform, currently in closed beta, offers powerful functionality and integrations not offered by existing spreadsheet tools, thus removing the barrier to entry for users without programming experience. Founded in October 2016, Dashdash has offices in Berlin and Porto, and is backed by the likes of Accel and Cherry Ventures.
Accel is a leading venture capital firm that invests in people and their companies from the earliest days through all phases of private company growth. Atlassian, Algolia, Avito, Celonis, Cloudera, Crowdstrike, Deliveroo, DJI, Dropbox, Etsy, Facebook, Flipkart, Funding Circle, Kayak, Kry, QlikTech, Rovio, Slack, Spotify, Supercell, UIPath and WorldRemit are among the companies the firm has backed over the past 30 years. The firm seeks to understand entrepreneurs as individuals, appreciate their originality and play to their strengths. Because greatness doesn’t have a stereotype.
For more, visit www.accel.com, www.facebook.com/accel or www.twitter.com/accel.
About Cherry Ventures
Cherry Ventures is a Berlin-based early-stage Venture Capital fund, founded by a team of entrepreneurs with substantial experience in building fast-scaling technology companies. Cherry Ventures backs the most ambitious founders in Berlin and Europe, usually as their first institutional investor, supporting them in their go-to-market and the scaling of their business. The fund has invested in the seed stage of over 50 companies across Europe, including FlixBus, Auto1 Group, Lesara, Infarm, Freighthub and TourRadar.