Vaadin

Vaadin

Java framework for building modern web applications.

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DateInvestorsAmountRound
investor investor

€0.0

round
investor

€0.0

round
investor investor

€0.0

round
*

€5.0m

Early VC
Total Funding000k

Financials

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Revenues, earnings & profits over time
EUR2018201920202021202220232024
Revenues0000000000000000000000000000
% growth8 %(9 %)(1 %)(5 %)43 %(1 %)(3 %)
EBITDA0000000000000000000000000000
% EBITDA margin(3 %)-12 %6 %19 %--
Profit0000000000000000000000000000
% profit margin(7 %)(12 %)(4 %)(18 %)-7 %(3 %)
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000
R&D % of revenue81 %89 %90 %----

Source: Company filings or news article

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Vaadin operates as a specialized software development application provider, originating from Turku, Finland, where it was founded in 2000 by Joonas Lehtinen, Jurka Rahikkala, and Aleksi Holappa. The company, initially named IT Mill, was born from the founders' desire to create a new programming model for developing web user interfaces using a single, robust programming language. After starting as a closed-source project, the core framework was released as open source in 2002 and later rebranded from IT Mill Toolkit to Vaadin in 2009, a Finnish word for a female reindeer, to better resonate with the growing developer community. The company itself was subsequently renamed Vaadin Ltd.

The firm's business model centers on an open-core approach, providing free, open-source web application development frameworks while generating revenue through commercial products and services. These premium offerings include advanced components, developer tools, and commercial support subscriptions, with options for extended maintenance up to 15 years, catering to the long-term needs of enterprise clients. Vaadin's target market consists primarily of Java developers, ranging from students and individual developers to large enterprise teams, particularly within the IT departments of finance, insurance, aerospace, and healthcare sectors. These clients typically build complex, mission-critical internal business applications where security, maintainability, and long-term support are paramount.

Vaadin's product portfolio is designed to streamline the creation of modern, graphical user interfaces (GUIs) for web applications. The platform offers two primary open-source frameworks: Vaadin Flow and Hilla. Vaadin Flow allows developers to build entire full-stack applications purely in Java, abstracting away the need for HTML or JavaScript and featuring a server-side architecture where most UI logic runs securely on the server. For teams that prefer a different architecture, Hilla provides a framework for integrating a reactive TypeScript-based front end (often using React) with a Java backend, automating the communication layer between them. Both frameworks utilize a comprehensive library of pre-built, customizable UI components that are compliant with modern accessibility standards. The platform's key benefit lies in boosting developer productivity by enabling Java developers, who are often backend-focused, to build sophisticated and secure web UIs without deep front-end expertise.

Keywords: Java framework, web application development, UI components, open source, full-stack, server-side rendering, enterprise applications, developer tools, front-end development, business applications

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