Bryter raises $66 million

The software start-up Bryter was able to close its third financing round within a short period of time. This apparently brings the start-up to a valuation of 400 million US dollars.

In November 2019, there was six million US dollars, and in June 2020, there was another 16 million US dollars. Now, startup Bryter has announced the closing of another round of funding. 66 million US dollars it is said to have raised with it, as it announced in advance in the Frankfurter Allgemeine Zeitung

Actually Bryter had not intended to start a new round of financing, but the New York fund Tiger Global approached them with its offer of its own accord, says founder Michael Grupp to Gründerszene. The existing investors Accel, Dawn Capital, Notion Capital and Cavalry Ventures have apparently also invested. The new round of funding makes the startup worth $400 million, according to calculations by Frankfurter Allgemeine Zeitung

Bryter has developed software that allows companies to turn their analog services into digital applications without having to program. The company, which launched two years ago, targets legal and compliance departments. primarily of large companies. Clients include global brands such as McDonald's and ING, as well as accounting firms Deloitte and KPMG.