Starhive funding news – Stockholm-based Starhive Secures €2.7 Million in Seed Funding

The investment will be put toward the company's international expansion, which will support its ability to grow and further develop its platform to cater to important target audiences, such as enterprises in the asset management, project management, and enterprise service management domains.

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Tommy Nordahl and Mathias Edblom, the co-founders of Starhive, have over forty years of combined experience in the industry. Together, they co-founded Mindville in 2012, an IT asset and configuration management firm that Atlassian (www.atlassian.com) bought in 2020. Eleven of the 23 people that make up Starhive's current staff were once Mindville employees.

Tommy Nordahl, Starhive’s Co-Founder and CEO, said: “Organizations of all sizes have workflows that are often handled inefficiently through manual processes or costly, off-the-shelf software that doesn’t quite fit their needs. We have produced a unified solution that offers the best of both worlds, combining the ease of ready-made software with the flexibility of a custom-built solution. This investment will enable us to grow and develop our offering, bringing it to new markets around the world, and getting it into the hands of the people and businesses who need it most.”

Mathias Edblom, Starhive Co-Founder and CPO said, “This funding allows us to propel both the company and our products further than ever before, We believe that technology should adapt to the needs of the business, not the other way around. Starhive empowers teams to build exactly what they need, when they need it, without being constrained by generic software or the complexities of custom coding. It’s about giving organizations the freedom to innovate and streamline their operations in a way that truly fits their unique workflows.”

Due to budget constraints, a global scarcity of developers, and company executives' preference for custom software, there is an increasing demand worldwide for low-code and no-code solutions. The low-code/no-code industry is expected to increase by 24% to $12 billion in 2024, according to Gartner, highlighting the enormous potential for Starhive's product.

Users of Starhive can design applications that precisely match their own requirements. This can involve developing an e-commerce management system, an onboarding software for new hires, or a shared projects collaborative marketing area.

Users can benefit from the company's inventive and reliable database, which provides true data independence, by developing apps with Starhive's distinctive data platform, especially when paired with extra building blocks like the automation engine and workflow builder. By utilizing it, businesses may do away with manual procedures, cut costs on several SaaS solutions, and avoid having to maintain custom-coded software.

Andy Johnston, Partner at node.vc, commented: “We at node are thrilled to be joining Starhive at this pivotal stage in the company’s journey. Starhive’s powerful data management capabilities combined with its no-code app development approach is a game-changer for businesses seeking to optimize their operations and Starhive’s founding team has the ambition and driving force to take the company to great heights.”

About Starhive

Starhive, which was founded in 2022, is currently the top platform for companies wishing to rapidly develop complex custom applications that are suited to their unique requirements without having to recruit a team of costly developers or possess deep coding expertise.