Valencia start-up Mobincube in €700k funding round
As the demand for apps mushrooms, we are seeing more and more App building tools made available, that are suitable for non-programmers. One of these comes from the Valencian start-up Mobincube, that creates apps that adapt to different platforms - and users can do this for free.
Mobincube has already been successful in making inroads into an international market (only 30% of their customers are based in Spain) and they have more than 115,000 users and a monthly growth rate of 30%.
It's no surprise then that the app builder has managed to close a €700,000 seed round, led by Venture Capital firm Inveready. They aim to use the funding to expand further into the American market.
Explanatory video for Mobincube