Wasp Raises $3.7 Million in Funding for Web Application Platform
Wasp, a tech company based in Croatia, has secured $3.7 million in funding to support its platform for building modern web applications.
The investment round was led by HV Capital, with additional contributions from Fifth Quarter Ventures, Big Bets, Metis Ventures, Ant Wilson, and Søren Bramer Schmidt.
With a total funding of $5.2 million, Wasp plans to use the raised capital to expand its operations and enhance its development efforts.
Founded by Martin Å oÅ¡ić and Matija Å oÅ¡ić, Wasp offers a comprehensive tool for creating modern web applications, covering all essential components – client-side (front-end), server-side (back-end), and database management.
At the core of their platform is the Wasp compiler, which transforms Wasp configurations and user-written JavaScript code into the client application, server application, and deployment instructions.
About Wasp:
Wasp is a Croatian tech startup that specializes in providing a platform for building cutting-edge web applications. The company recently secured $3.7 million in funding led by HV Capital, with participation from several other venture capital firms and angel investors. This investment will be used to fuel Wasp’s expansion and further develop its innovative web application platform.
Co-founded by Martin Šošić and Matija Šošić, Wasp stands out for its comprehensive approach to web application development, addressing all key aspects such as front-end, back-end, and database management. The Wasp compiler, a key feature of their platform, streamlines the development process by generating client-side, server-side, and deployment code based on user inputs and configurations.
With a strong focus on simplifying and accelerating web application development, Wasp is poised to make a significant impact in the tech industry.
Published by: FinSMEs
Date: 21/04/2025
