Very Good Ventures (VGV) – a leading full-service Flutter consulting firm – recently announced it expanded its Series A round with $3.4 million from Celesta Capital for a total raise of $6.6 million. This funding round will be used to scale up VGV’s service to a wider variety of clients and to deliver high-quality contributions throughout the Flutter ecosystem.
The company’s growth is driven by increasing client demand due to Flutter’s popularity. And the expansion comes on the heels of its recent CreateThrive acquisition and is expected to support unprecedented demand for VGV services as Flutter grows in popularity. Launched in 2018, Very Good Ventures is already cash flow positive, growing revenues by 235% during the past two years.
Flutter is an open-source UI toolkit from Google that enables developers to build apps for multiple platforms from a single codebase – which is a significant advantage over legacy approaches to native software development. And since its first release in 2017, Flutter has grown into the most popular cross-platform mobile framework used by software developers globally. Plus, the number of published Flutter apps has doubled in the last year, increasing from 500,000 to more than one million.
The company’s founding team has worked with Flutter for a long time. And Very Good Ventures provides unique expertise to help major brands transition to and maintain Flutter. Very Good Ventures leaders created the first-ever commercial Flutter app for the global musical Hamilton in 2017 and built the first public Flutter apps for desktop and web. The success of the Hamilton mobile app led to the creation of Very Good Ventures and the company now partnering with companies that include Google, Toyota, American Airlines, Dow Jones, Betterment, Keller Williams, and others. Very Good Ventures today provides world-class product strategy, design, and management services as a full-service partner.
Very Good Ventures recently announced the acquisition of CreateThrive, a mobile and web development firm that has emerged as a leader in the Flutter community in Latin America. The acquisition has resulted in the world’s largest Flutter consultancy team focusing on driving high-quality software solutions, designing beautiful and useful products, and deepening its impact on the Flutter community.
KEY QUOTES:
“An investment in Very Good Ventures is an investment in the next generation of app development. Cross-platform frameworks are the future and Flutter is outpacing similar cross-platform frameworks because of its superior performance and developer engagement. VGV is a clear leader in the Flutter ecosystem and is driving its maturity through high-quality client delivery and major contributions to open source software. It’s a natural move for us to double down on the company driving so much of this growth.”
— David Goldman, Partner at Celesta Capital
“This new investment from Celesta Capital is evidence of both Very Good Ventures’ success and of the rapid growth and vibrancy of the Flutter community and ecosystem. We’ve been contributing to Flutter long before we founded Very Good Ventures and continue to help define standards and build open source tools that are used by millions. This collaboration is how we’re able to both support our favorite technical community and achieve outsized results for our clients.”
— David DeRemer, CEO at Very Good Ventures
