BUSINESS

ToolJet Raises $1.5 Mn in Seed Funding Round Led by Nexus Venture Partners

ToolJet, an open-source low-code software for building internal tools, has raised $1.5 million in a seed funding round led by Nexus Venture Partners with participation from Ratio ventures, Better capital, Alan Rutledge, as well as enterprise founders, operators and investors, including Rohan Murty (founder of Soroco), Sony Joy (head of Enterprise at Truecaller), Vipul Amler (founder of Saeloun), Mohammed Hisamuddin (founder of Entri) and Abhi Kumar of M12 Ventures.

The company intends to use the funding for team expansion to accelerate the development of the core platform of ToolJet.

ToolJet’s technology enables companies to build their internal tools with minimum engineering effort. ToolJet’s platform is still in its early days, but it has already been adopted by hundreds of startups, scale-ups and even unicorns. ToolJet currently has integrations with more than 15 data sources such as MongoDB, PostgreSQL, Google Sheets and AWS S3.

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