Overview

Thunkable provides a platform for creating mobile applications without the need for coding. Users can design, develop, and publish apps using a simple drag-and-drop interface, making app development accessible to both beginners and experienced developers. This platform is especially beneficial for individuals and businesses that have app ideas but lack technical skills. Thunkable differentiates itself from competitors by offering a no-code solution that lowers the barrier to entry in app development, allowing a wider range of users to become app creators. The company's goal is to democratize technology and empower more people to bring their app ideas to life. Thunkable operates on a subscription-based model, offering free basic features and paid plans for advanced functionalities, ensuring a steady revenue stream while encouraging users to upgrade as their needs evolve.

Simplify's Take

What believers are saying

• Thunkable raised $30M in Series B funding, boosting growth potential.
• The platform has over 3M users and 6M apps, indicating strong market presence.
• Increased demand for no-code platforms supports Thunkable's business model.

What critics are saying

• Competition from platforms like Adalo and Bubble is intensifying.
• Market saturation could make differentiation challenging for Thunkable.
• Economic downturns may impact Thunkable's subscription-based revenue model.

What makes Thunkable unique

• Thunkable offers a drag-and-drop interface for easy app development.
• Integration with Figma allows direct import of designs into Thunkable.
• Thunkable Organizations enables seamless collaboration for teams of any size.

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Funding

Total Funding

$33.6M

Below

Industry Average

Funded Over

3 Rounds

Notable Investors:

Lightspeed Venture PartnersNew Enterprise AssociatesSV AngelY Combinator

Notable Investors:

Lightspeed Venture PartnersNew Enterprise AssociatesSV AngelY Combinator

$30,000,000

Series B

Apr 2022

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Below Average

Industry standards

Ind Avg. $35M

$4M

$30M

$30M

$45M

$65M

$100M

View all funding stages