8base Raises $10.6M in Oversubscribed Series A Round Led by Foundry Group
Miami-based low-code development platform 8base has successfully closed a $10.6 million Series A funding round, led by Foundry Group. The round saw high demand, with many investors expressing interest in the platform's potential.
The funding round, completed in April 2022, was oversubscribed, indicating strong confidence in 8base's offerings. While Foundry Group took the lead, other investors also participated, although their names have not been officially disclosed.
8base plans to utilise the funds to bolster its product capabilities and expand its go-to-market team. This strategic move aims to strengthen the platform's position in the competitive low-code development landscape.
8base's Series A funding round, totalling $10.6 million, has set the stage for the company's growth. With the support of Foundry Group and other investors, 8base is poised to enhance its product offerings and expand its market reach.
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