London based app developer secures £2m in funding

London based app developer Toca has announced £2m of funding from private investors, an extension to the £1.4m raised since 2018.

Founded in 2018, Toca has achieved more than 257% growth in FY21. The company has a roster of clients spanning the healthcare, legal, utilities, not-for-profit, retail and tech industries, and is using this new round of funding to strengthen and mature its own internal processes, bolster sales and marketing, and accelerate revenue growth.

Known for its Toca automation fabric, the system disrupts the low code app development and traditional RPA markets, bringing these capabilities together into a single no code platform that works across any infrastructure and system.

Mat Rule, founder and CEO of Toca said: “This £2m of funding will enable us to accelerate business growth and build awareness of the transformational capabilities of a no code apps and automation fabric combination.

“Toca enables businesses to breathe and innovate. We’ve built the Toca apps and automation fabric to bridge legacy and cloud-native environments and address the integration problems that have plagued IT for decades.

“We are democratising application building so businesses can automate enterprise wide. This will help organisations shift from using technology to solve just 5% of business problems, to finally address the remaining 95 per cent.”

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