Newly secures $2M+ in funding to advance native app creation platform
Stockholm-based tech startup Newly has successfully secured over $2 million in funding, signaling a significant development in the pursuit of democratizing native mobile application development. This investment, led by PSV Tech with contributions from several venture capital firms and angel investors, aims to accelerate Newly's mission to make sophisticated app creation accessible to a wider audience. The funding underscores growing investor confidence in innovative solutions addressing persistent challenges in the digital landscape. Newly's platform directly tackles the historical complexities of native app development for iOS and Android, areas that have remained comparatively challenging despite advancements in web development. By leveraging agentic AI systems and advanced mobile-native tooling, the platform empowers users to build, iterate, and launch fully functional, compliant mobile applications without requiring traditional coding expertise. This innovative approach drastically reduces development timelines, potentially shifting the process from months to mere hours, thereby lowering the barrier to entry for founders. The implications of Newly's technology extend beyond just mobile apps, with plans to expand into other native formats like desktop software and augmented reality experiences. This strategic expansion aims to further foster digital sovereignty by offering European creators and businesses robust, cost-effective tools to build a diverse range of digital products. By bridging the gap between complex development and user accessibility, Newly is poised to empower a new wave of innovators within the European tech ecosystem.
Curated and translated by Europe Digital for our multilingual European audience.
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