UK-based SaaS company Cyclr has announced €590K of new investment, led by Juno Capita and with participation from SyndicateRoom and existing shareholders.
Cyclr is a leading embedded integration Platform as a Service (embedded iPaaS) developer, based in Eastbourne and East Croydon, London. Its platform enables software companies to rapidly create and expand their integration offerings to their users’ most vital business systems. Using a visual drag and drop interface, companies can create integrations with hundreds of applications in the Cyclr ecosystem, publishing them directly into their application so their users can self-serve.
For example, a company wanting to offer an integration between their application and an email marketing platform, such as MailChimp, can create and publish their integration without needing to code anything. This workflow can then be replicated to other platforms, so they can quickly provide connectivity between their SaaS platform and a while range of email marketing services.
Launching to market in 2017, Cyclr has grown year on year, and now has customers spanning across Europe, North America and the Asia Pacific region.
Fraser Davidson, CEO of Cyclr, said, “I am delighted to welcome Juno Capital and Syndicate Room as investors in Cyclr. We have carefully built Cyclr with limited investment, ensuring that our product performed as we grew and that we understood our market before beginning to scale our investor base. We believe we are now poised to develop the business even further and are excited to have new partners on board for the next phase.”
Edward Rudd, Partner at Juno Capital, who has joined the Cyclr board, said, “From our first meeting, it was clear that Cyclr had enormous potential. Our portfolio companies have had direct experience of the motivations for, and challenges of, having strong integrations in-built into their own software. The benefits of Cyclr’s software are clear. Fraser and the team have developed the business to a very interesting stage, and we look forward to participating in the exciting journey ahead.”