BRYTER raises $66 million Series B to accelerate US expansion

No-code service automation platform BRYTER today (7 April) announces a $66 million Series B funding round, which will help to accelerate its international expansion. The raise comes only eight months after the company’s Series A round, bringing the total capital raised to date to over $90 million.

The investment round was led by New York based investment firm Tiger Global, with participation from existing investors Accel, Dawn Capital, Notion Capital and Cavalry Ventures. 

The capital will be used in particular to accelerate BRYTER’s expansion in the US, where BRYTER opened an office last year and has since seen rapid adoption, currently supported by a team in New York, with, we’re told, more to come.

A group of leading enterprise software executives and entrepreneurs also joined the round in recognition of the platform’s huge potential, including Amit Agharwal, CPO of DataDog, Lars Björk, former CEO of Qlik, Ulf Zetterberg, founder and CEO of Seal software and former ServiceNow global SVP James Fitzgerald. They will act as consultants for the company and assist in US go-to-market development. 

Founded less than three years ago in 2018, BRYTER has rapidly become the leading no-code automation platform for enterprise services. It helps business experts within global organizations turn enterprise services into interactive, self-service applications that are available for everyone across the organization, through virtual assistants, chatbots, self-servicing and other applications. Its customers range from consumer-facing businesses like McDonald’s and Telefónica, through leading professional service firms PwC, KPMG and Deloitte in Europe, to banks, healthcare and industrial enterprises.

BRYTER’s CEO and co-founder, Michael Grupp said: “BRYTER is all about helping organizations streamline their service, internally and externally. We’re excited to have the customer validation to be able to raise significant funding so soon after our last round, to take our vision to more customers, particularly in the world’s largest software market, the US. We want more businesspeople to learn about how we can change their working lives and we’re pleased to have the backing of leading investors and industry greats to take BRYTER to more organisations.”

John Curtius, a partner at Tiger Global, said: “BRYTER has all the characteristics of a top-tier software company: high quality product that solves a real customer pain point, a large market opportunity and a world-class founding team. The feedback from BRYTER’s customers was resoundingly positive in our research, and we are excited to see the company reach new heights over the coming years.”

Caroline.hill@legalitlexicon.com

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