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Norway’s Midio raises $660K to develop visual programming interface for backend development

Feb 20, 2024•almost 2 years ago

Amount Raised

$660,000

Round Type

seed

Norway

Investors

TiseScrimbaEnodeArdoqSanityOdaThe Nordic Web VenturesTiny.VcCto Roundtable InvestSondo Capital

Description

Midio, a startup based in Oslo, has raised $660K in pre-seed funding to support its development of a visual programming interface for backend development. The funding round was led by Sondo Capital, with contributions from CTO Roundtable Invest, Tiny.vc, The Nordic Web Ventures, and angel investors from well-known Norwegian tech companies like Oda, Sanity, Ardoq, Enode, Scrimba, and Tise.

Company Information

Company

Midio

Location

Norway

About

Midio is a startup based in Oslo specializing in developing a visual programming interface for backend development, bridging the gap between low-code tools' accessibility and the flexibility of general-purpose programming languages.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech