AppGyver Inc.
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AppGyver Inc. - overview
Established
2010
Location
Helsinki, -, Finland
Primary Industry
Software
About
Based in Finland, AppGyver Inc. develops a no-code application development platform, enabling users to create web and mobile applications without programming skills, catering to a diverse range of customers across various markets worldwide. AppGyver Inc. is a no-code application development company based in Helsinki, Finland, founded in 2010 by Calvin C.
and Henri Vahakainu. The company has engaged in 7 deals and was acquired by SAP SE in February 2021 for undisclosed financial terms. The latest funding round occurred in 2021, raising EUR 2. 000 mn from investors including Karma Ventures and OpenOcean, bringing the total amount raised to EUR 2.
000 mn. The company's core offering is a no-code application development platform, now branded as SAP Build Apps, allowing users to build web and mobile applications without programming expertise. It features cloud functions for back-end creation, enhancing integration with SAP solutions. The platform addresses the needs of small businesses, educational institutions, and individual developers, facilitating collaborative app development in North America, Europe, and parts of Asia.
In the most recent year of 2023, AppGyver Inc. reported a revenue of EUR 641,589. 50 with an EBITDA of EUR -6,121,635. 10, reflecting the financial dynamics within its subscription-based pricing model for the no-code development platform.
AppGyver aims to expand its product offerings with new features aimed at enhancing the SAP Build Apps platform. The company is targeting market expansion in Europe and North America by 2023. The recent funding will support these initiatives, focusing on product development and market penetration following its 2021 acquisition by SAP SE.
Current Investors
OpenOcean, Karma Ventures, Initialized Capital
Primary Industry
Software
Sub Industries
Web Applications, Web Development, Operating Systems (OS), Systems Management Software
Website
www.appgyver.com
Verticals
Cloud Computing, Mobile Apps
Company Stage
Acquired
Total Amount Raised
Subscriber access only
AppGyver Inc. - timeline of key events
AppGyver Inc. - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Jun 30, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 61,846 | 55,047.6 | 14,872.2 | 169,372.3 | 242,179.5 | 65,497.1 | 249,417 | 404,671.1 | 1,284,199.6 | 1,152,280.1 | 779,209.2 | 341,206.2 | 201,143.1 | - | - | - |
| % Revenue Growth (YoY) | - | (11.0%) | (73.0%) | 1038.9% | 43.0% | (73.0%) | 280.8% | 62.2% | 217.3% | (10.3%) | (32.4%) | (56.2%) | (41.0%) | - | - | - |
| EBITDA (USD) | 130.9 | (13,853.6) | (43,616.7) | (128,310.2) | (411,775.6) | (618,660.7) | (622,786.3) | (889,922.4) | 197,688.7 | (32,231.5) | (787,486.5) | (2,924,603.7) | (6,152,781.7) | - | - | - |
| Operating Income (USD) | 130.9 | (13,853.6) | (43,616.7) | (227,145.7) | (635,560.2) | (950,856.4) | (1,027,791.4) | (1,297,991.1) | (110,275) | (642,463) | (1,521,844.1) | (3,584,314.5) | (6,812,090.7) | - | - | - |
| Operating Margin | 0.2% | (25.2%) | (293.3%) | (134.1%) | (262.4%) | (1451.8%) | (412.1%) | (320.8%) | (8.6%) | (55.8%) | (195.3%) | (1050.5%) | (3386.7%) | - | - | - |
| % EBITDA Margin | 0.2% | (25.2%) | (293.3%) | (75.8%) | (170.0%) | (944.6%) | (249.7%) | (219.9%) | 15.4% | (2.8%) | (101.1%) | (857.1%) | (3058.9%) | - | - | - |
| NET Income (USD) | 89.2 | (19,974.6) | (60,841.5) | (243,836.3) | (662,861.4) | (973,001.4) | (1,037,411.8) | (1,324,798.1) | (208,701.8) | (739,499.1) | (1,591,176.6) | (3,592,655.1) | (6,815,269.1) | - | - | - |
| % Net Margin | 0.1% | (36.3%) | (409.1%) | (144.0%) | (273.7%) | (1485.6%) | (415.9%) | (327.4%) | (16.3%) | (64.2%) | (204.2%) | (1052.9%) | (3388.3%) | - | - | - |
AppGyver Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | AppGyver Inc. | - | ||||||||
| Unspecified Round | Completed | AppGyver Inc. | - | ||||||||
| Series A | Completed | AppGyver Inc. | - | ||||||||
| Series A | Completed | AppGyver Inc. | - | ||||||||
| Add-on, Trade Sale | Completed | AppArchitect | - |
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AppGyver Inc. - employee data
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