Ukrainian-founded AirSlate secures $50 million in debt financing

Just weeks after closing a $40 million equity funding deal with major US funds, airSlate, a Boston-based publisher of business automation software, announced last week a $50 million debt financing agreement with Silicon Valley bank.

In total, the no-code solution provider has raised $130 million in capital to date, the company reported

“In this increasingly remote-work first environment, we are seeing accelerating demand for solutions that empower businesses to design and implement beautiful, personalized, secure, and digitally-executable customer and employee experiences,” said Borya Shakhnovich, airSlate’s CEO. 

“We are thrilled to partner with Silicon Valley Bank to help in fueling our continued product innovation, building out our team, and expanding our global footprint. We believe that airSlate is well-positioned to become a global leader in the business process automation, e-signature and document management markets,” he added.

AirSlate claims some 600,000 customers and 25 million users globally.

As previously reported by Ukraine Digital News, airSlate (known as pdfFiller at that time) was co-founded in 2007 by Ukrainian entrepreneur Shakhnovich. pdfFiller is now just one of the company’s products. 

In 2019, airSlate raised a $30 million round from investment firm General Catalyst (USA) and Horizon Capital (Ukraine).

Topics: Finance, International, News, Software, Startups, Venture/Private equity
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