WayScript closed on a $5 million seed round to help developers rapidly build their business applications.
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Greycroft led the round with participation from Tectonic Ventures and Contour Venture Partners. In 2018, New York-based WayScript secured a $1.2 million pre-seed round and a smaller note to give it a total of $6.7 million, Jesse Orshan, co-founder and CEO told Crunchbase News.
“WayScript has had phenomenal growth with a highly active community due to its focus on building a platform specifically designed to ease the pain points of developers,” said Alison Lange Engel, venture partner at Greycroft, in a written statement.
Founded in 2018 by developers Orshan and Lane Eden, WayScript’s platform enables developers to write code in a web-based, drag-and-drop scripting environment and run their code through a workflow builder that displays the output in real-time.
“Our goal, coming from a software background, was to build a product that developers could easily access,” Orshan said. “We launched the product in September 2019 and made a beta product accessible to any developer.”
With this latest financing, WayScript plans to continue to expand its team of eight employees and build additional product features.
“We will primarily increase the size of our engineering team and will double the entire team in the next year,” Eden said in an interview.
Next up, the founders said they will continue to improve on the product while still growing its team. That includes building some new features, including additional collaboration features.
“We want to build a product that is really accessible and powerful to enable developers to take code and build more software rapidly,” Orshan said.
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