BRYTER scores $16m in its Series A round as it looks to grow internationally

Automation software designer BRYTER has scored $16m in its Series A round to boost its international expansion.

The round was led by Dawn Capital and Accel, who both also led BRYTER’s seed round. Notion Capital and Chalfen Ventures also contributed to the Series A round.

Following the burst of equity, BRYTER is looking to increase its international expansion, with a key focus on growing in the US. The company is also looking to increase the adoption of its services.

Founded in 2018, the FinTech has created a no-code automation platform which helps organisations to improve their digitalisation efforts.

Its technology is used in a range of industries and supports financial services, insurance, data privacy, compliance, antitrust, accounting, tax, restructuring, real estate and more. The platform has helped build applications, virtual assistants, chatbots, self-service applications and other automation tools.

Dawn Capital partner Evgenia Plotnikova said, “The software industry was built around automating business processes. Year after year, the biggest, enterprise-wide pain points are prioritized and IT works through the list, never getting close to the long, long tail.

“To drive automation at scale throughout the modern enterprise, IT needs to transform ‘citizens’ into developers. BRYTER makes that step easy and seamless: any professional can now build software tools, tackling the most challenging processes and decisions. BRYTER was founded just two years ago and has already made rapid progress.”

Earlier in the year, Dawn Capital joined the $112.5m funding round of data intelligence platform Collibra. The RegTech platform is valued at $2.3bn.

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