Upplication

Upplication provides a platform for users to create mobile applications for Android and iOS devices, enabling businesses and individuals to enhance their digital presence with ease and without coding expertise. Upplication, founded in 2012 by Ignacio De Toro, operates from Madrid, Spain, specializing in mobile application development. The company was acquired by Mobusi in March 2017. It has completed a total of 5 deals, with its latest funding round being a EUR 1.

1 mn investment led by Corporation Global Network, raising the total amount to EUR 1. 1 mn. Upplication offers a user-friendly platform that allows clients to create mobile applications for both Android and iOS without programming skills. Their primary service is an app maker that facilitates the development of Progressive Web Apps (PWAs) through a straightforward process.

The platform is targeted at a diverse client base, including small businesses and healthcare providers, and is particularly focused on European and Latin American markets. In 2020, Upplication generated a revenue of EUR 105,730. 5, with an EBITDA of EUR -48,871. 1, reflecting its operational performance during that year, primarily driven by subscription-based service models.

Upplication plans to leverage its recent funding of EUR 1. 1 mn to enhance its platform and expand its offerings, focusing on the development of new features aimed at improving user experience. The company is also targeting growth in new markets, particularly in the European and Latin American regions, to broaden its customer base and strengthen its market presence.