8base: Simplifying Application Building

8base is helping entrepreneurs and creators bring their product visions to life

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Low-code development platforms are an increasingly popular option for web and mobile app developers. According to Forbes, some of the many benefits of this tech include lower cost and maintenance burden, increased productivity across teams, quicker innovation and development, and rapid prototyping. Low-code development also makes it easier for entrepreneurs to test new ideas, products, and services. As a result, the value of the global low-code development platforms market is expected to reach $94.8 billion globally by 2028.

Alumni Ventures’ portfolio company 8base is addressing this technology demand with its low-code, full-stack development platform for building and running feature-rich digital products, including SaaS solutions, marketplaces, and other web and mobile applications. Unlike other low-code platforms, 8base scales automatically to meet user demands, so businesses do not need to worry about ongoing DevOps efforts.

Aiding Entrepreneurs and Creators 

8base’s platform helps entrepreneurs and creators in established companies bring their product visions to life. Additionally, digital agencies use 8base to deliver client projects more quickly while increasing their margins and reducing their reliance on scarce and expensive software development talent. 

8base’s offerings include:

  • Low-code development tools for building software backends and APIs
  • Serverless computing and storage infrastructure for running applications built using 8base tools
  • Visual front-end development tools
  • Design and development services to assist customers with building applications using 8base

8base earns revenue through recurring subscription costs. The company is currently used by thousands of developers, numerous multi-tenant SaaS and marketplace startups, custom software development agencies and consultancies, and larger enterprise organizations.

Impressive Team and Strong Market

8base CEO Albert Santalo is a seasoned entrepreneur described by an existing investor as “tenacious, resilient, experienced, and articulate about the company’s mission.” He is the former CEO of CareCloud (NASDAQ: MTBC), a company he founded in 2009 and backed by Norwest Venture Partners and Intel Capital, among others. 

Albert has attracted a strong team that includes a CTO with over 30 years of experience and a Chief Revenue Officer with over 20 years of experience leading sales organizations.

The Power of the Alumni Ventures Network 

Strawberry Creek Ventures (for the UC Berkeley community) and Waterman Ventures (for the Brown community) deployed capital in 8Base’s $10.6 million Series A led by Foundry Group.

When Matt Caspari, Strawberry Creek’s Managing Partner, initially contacted 8base’s CEO, he was informed that the company wasn’t currently fundraising. After an introductory call where Matt shared more about Alumni Ventures and the value and size of our network, the company’s board decided to extend the size of the Series A round, making room for AV to participate.

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Contact [email protected] for additional information. To see additional risk factors and investment considerations, visit av-funds.com/disclosures.