
Naologic
Low-code enterprise resource planning (ERP) for B2B commerce companies.
Date | Investors | Amount | Round |
---|---|---|---|
investor | €0.0 | round | |
N/A | N/A | Series A | |
Total Funding | 000k |
USD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | 0000 | 0000 | 0000 |
% growth | - | 133 % | 29 % |
EBITDA | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Naologic offers a composable, AI-powered platform designed for businesses to build custom enterprise resource planning (ERP) systems. The company was founded by Oskars Dzenis and Edgars Lazdins. Dzenis, the CEO, has a background as a CFO and COO, where he experienced firsthand the limitations and high costs of traditional ERP solutions from providers like SAP and Oracle. This frustration fueled the creation of Naologic, aiming to provide a more flexible and affordable alternative.
The core of Naologic's business is a no-code platform that allows companies to assemble their own business management software by connecting different modules, or "blocks," as needed. This approach targets the issue of rigid, one-size-fits-all ERPs, enabling clients to create tailored applications for managing finances, human resources, customer relationships, and supply chains. The platform is industry-agnostic, serving sectors such as manufacturing, retail, and professional services.
Naologic's product provides a suite of tools that includes a no-code app builder, a workflow automator, and an AI assistant. This enables businesses to digitize and automate their internal processes without requiring extensive technical expertise. The company's business model is subscription-based, offering different tiers of service. This model allows businesses to pay only for the functionalities they use, providing a scalable solution that can grow with the company. By giving businesses the tools to create their own software, Naologic directly competes with established ERP vendors by offering greater customization and cost-effectiveness.
Keywords: ERP, no-code platform, business process management, workflow automation, custom software, enterprise applications, business management, AI-powered, subscription model, composable architecture