No-code platform QingFlow announces completion of tens of millions of RMB in Series A+ funding; existing investor Source Code Capital continues to increase its stake

源码资本·March 1, 2021·0·2

Already serving more than 200,000 enterprises, government agencies, and schools across dozens of industries, both at home and abroad.

No-code system development platform QingFlow announced the completion of a tens-of-millions RMB Series A+ funding round, led by Tencent with follow-on investment from existing shareholder Source Code Capital. Since its founding in 2015, QingFlow has completed five rounds of funding from well-known institutions totaling nearly 100 million RMB over nearly six years. Source Code Capital was the lead investor in the company's Series A round.

Following this round, QingFlow will further accelerate market expansion, strengthen product and technology R&D innovation, and enhance customer service capabilities and expertise to provide clients with more secure and stable technical support.

QingFlow No-Code System

As the "low-code" market has grown rapidly in recent years, it has given rise to "no-code" as a new business category. While no-code development evolved from the low-code industry, it serves a broader audience — beyond IT professionals, business personnel and others with system development needs can also use it — making it an innovator building upon the low-code model.

QingFlow founder & CEO Zhiyuan Bo stated: "The shift from code to low-code represents an efficiency improvement; the shift from low-code to no-code is both the democratization of software development and an anticipated transformation."

On July 6, 2020, QingFlow released the first "No-Code White Paper," defining the concept and characteristics of no-code. On January 14, 2021, the "No-Code, New Future" online conference on no-code trends was successfully held, announcing ten new capabilities for QingFlow in 2021, including a no-code open platform compatible with "low-code" capabilities that would enable more deeply integrated scenarios and continuously expand its boundaryless capabilities.

Covering broader audiences through no-code technology while empowering IT professionals and other specialists through low-code open platform capabilities built on top of the no-code platform is QingFlow's next-stage product goal.

Additionally, QingFlow has launched the "Interpretation of Ten Major Trends in the Future of No-Code" white paper, aiming to help more enterprises continue advancing and grow together with upstream and downstream players in the digitalization industry chain.

As a leader in China's no-code sector, QingFlow has become more than just a digital tool — more clients are leveraging QingFlow's no-code technology to achieve breakthroughs in enterprise digital management. Currently, QingFlow has served over 200,000 enterprises, government agencies, and schools domestically and abroad, including Tsinghua University, Caterpillar, Chaowei Group, China Resources Pharmaceutical, Shanghai Jiao Tong University, and Three Squirrels; meeting management system needs across dozens of industries including internet, manufacturing, retail, education, engineering and construction, finance, lifestyle services, and entertainment media; and providing nearly a hundred business scenario solutions covering enterprise resource management, production management, project management, order management, customer relationship management, and HR administration.

Yiwen Hao of Source Code Capital stated: "Enterprise digitalization has become an era-defining trend. Chinese enterprises are undergoing unprecedented rapid transformation in this wave. QingFlow has seized the opportunities of the times and grown rapidly in just a few years to become a leader in the no-code field. We look forward to QingFlow's development amid the enterprise digitalization trend."