Creatio raises $200 million to strengthen the company

Creatio is a global developer of a no-code platform for business process automation and CRM, with a capital estimated at $1.2 billion. The company has raised $200 million in capital, AIN.UA reports.

This allowed Creatio to become the sixth Ukrainian “unicorn” after GitLab, People.ai, Grammarly, Unstoppable Domains, and airSlate. 

Phire Ventures provided funding with participation from StepStone Group and current investors Volition Capital and Horizon Capital. Creatio will use the funds to strengthen the company’s global expansion.

In particular, it is planned to strengthen the following strategic areas:

• Increase investments in no-code and artificial intelligence;
• Expand the partner network;
• Expand the team.

Creatio demonstrates a rapid 50 percent business growth every year, expanding its customer and partner base through product development and R&D investments. The company is currently present in 25 countries and is headquartered in Boston, USA.