World Rows: Berlin Excel alternative secures million dollar investment

19:41  23 february  2021
19:41  23 february  2021 Source:   t3n.de

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More than two years after the first million dollar investment, the modern Excel alternative Rows is finally being launched. A Series B financing round ensures sufficient capital.

Die Rows-Gründer Humberto Ayres Pereira und Torben Schulz. © Rows The Rows founders Humberto Ayres Pereira and Torben Schulz.

spreadsheets are generally anything but sexy. Nevertheless, the two Rows founders Torben Schulz and Humberto Ayres Pereira were able to inspire prominent investors such as Accel Partners or Zalando co-founder David Schneider with their idea and secure eight million US dollars in capital in 2018. Now Rows is stepping up and has raised another $ 16 million in a Series B financing round.

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The group was led by the Berlin venture capitalist Lakestar. The old investors Accel and Cherry Ventures also took part. In addition, the Wunderlist and Pitch founder Christian Reber joins Rows and will also be part of the advisory board in the future. The new cash injection comes at exactly the right time, because Rows is available to all interested parties for the first time after a long closed beta phase.

Rows: With app integrations against Excel and Co

At first glance, Rows differs only slightly from spreadsheet programs such as Excel , Calc or Numbers. The special feature is, among other things, the integration of different web apps. This allows data from all possible sources to be easily inserted into a table and processed further. If necessary, data can also be imported or exported via a Rest API.

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Rows also has automation options that can, for example, periodically update a table. In addition, the tool is designed for collaborative work. In addition, spreadsheets can be exported as your own web apps with just a few clicks.

“Rows is for business people and teams who work with spreadsheets, and we're excited to be opening it to the world today. We have developed a modern spreadsheet that turns every user into their own software developer without having to spend the time learning new programs or programming, ”explains CEO and co-founder Humberto Ayres Pereira.

Rows wants to invest in additional staff and the development of a desktop app

Rows currently has around 50 employees. According to the company, which is based in Berlin and Porto, the new financial injection will create additional jobs in the IT and marketing sectors. They also want to invest the money in the development of a desktop app and other features for collaboration and the visualization of data.

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