Ukrainian-founded, Boston-based enterprise software publisher Creatio has just secured $200 million in funding, valuing the company at $1.2 billion. This investment elevates Creatio to unicorn status, joining the ranks of other Ukrainian-rooted companies such as airSlate, GitLab, Grammarly, People.ai and Unstoppable Domains.
Founded in 2013, Creatio has developed an “AI-powered no-code platform” to “automate CRM and enterprise workflows with a maximum degree of freedom.”
Creatio claims a 50% yearly revenue growth, with a growing number of clients attracted by its “cutting-edge technology coupled with a unique culture of genuine care.”
The funding round was led by Sapphire Ventures (USA, UK), with contributions from StepStone Group and existing investors, Volition Capital and Horizon Capital.
“With this investment, we will continue to disrupt the traditional enterprise software approach, helping our clients to accelerate time-to-value and use technology as a competitive differentiation in their business,” stated Creatio’s co-founder of CEO Katherine Kostereva in a press release.
“Creatio addresses the complexity and inflexibility of traditional software vendors and enables organizations to seamlessly replace legacy technologies, delivering market-leading ROI,” commented Sean Cantwell, Managing Partner at Volition Capital.
The new funds will be used to “double down on investments in R&D,” expand the international partner channel, and further grow the team across all key areas.
Since its founding in 2013 (initially known as ‘BPM Online’), Creatio experienced organic growth until its first funding round in 2021.
The company now employs 600 people across 25 countries, including a significant R&D center in Kyiv, Ukraine.
