The funding will help Demostack expand its R&D center in Tel Aviv. Here are the top-line bullets you need to know.
Demostack, a software demo platform, has raised $34M in a Series B. The round drew participation from Tiger Global Management, Bessemer Venture Partners, and Amiti Ventures, among others.
How’s the company performing?
- California-based Demostack helps sales teams create tailored product demos for live sales calls.
- The company caters to several major brands, including BlueVoyant, Wix, Hopin, and Gusto.
- Demostack currently has around 100 employees across its offices in the US, Israel, and Serbia.
Source: Demostack
Why does the market matter?
- The global no-code development platform market is expected to reach $68.1B by 2028, growing at a CAGR of 24.2%, according to Emergen Research.
- The increasing push for business digitization amid the ongoing developer shortage is contributing to market growth.
- The onset of the pandemic drove up the demand for solutions that enable remote software development.
