Creatio, a Ukrainian developer of a platform for automating business processes and CRM systems, has attracted $200 million in investment at a valuation of $1.2 billion, making the company the sixth Ukrainian unicorn.
Unicorn Creatio
Large-scale investment
Domestic company Creatio, the creator of a codeless platform for automating business processes and managing relationships with customers (CRM), achieved success in the global market. The firm closed a $200 million investment round at a $1.2 billion valuation. This was reported by the investment company Horizon Capital, which is an existing investor of Creatio.
Ukrainian unicorn
Thus, Creatio became the sixth domestic unicorn after GitLab, People. ai, Grammarly, Unstoppable Domains and airSlate. The founder and manager of the company is Kateryna Kostereva from Kyiv, who currently lives and manages the business from the United States.
Deal details
Raised funds consist of primary capital and secondary sales. The leader of the financing round was Sapphire Ventures with the participation of StepStone Group. In addition to Horizon Capital, existing investor Volition Capital also joined the investment. The terms of the agreement provide for the unchanged strategy, vision and management of the company.
Development plans
Creatio will use the received investment to strengthen its global expansion. Currently, the company is directly represented in 25 countries, including a large R&D center in Kyiv. The main office is located in Boston (USA). In addition, Creatio plans to increase investments in the areas of codeless technologies and artificial intelligence, expand the partner network and replenish the team in key areas of activity.
Rapid growth
According to official figures, Creatio shows annual business growth of 50% due to the expansion of the customer base, partner network and improvement of the product line through investment in research and developments.
Glossary
- Creatio - a Ukrainian developer company of a codeless platform for automating business processes and CRM systems.
- Kateryna Kostereva is the founder and head of the Creatio company.
- Horizon Capital - investment company, existing investor of Creatio.
- Sapphire Ventures is an investment company, the leader of the investment round in Creatio.
- StepStone Group is an investment company, a participant in the investment round in Creatio.
Link
- https://elbuz.com
Answers to questions
What is Creatio and how much investment have they raised?
Who led the funding round for Creatio?
What does Creatio plan to spend the raised investment on?
What are Creatio's plans for platform and technology development?
What position does Kateryna Kostereva hold in the company?
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Discussion of the topic – Creatio: The Ukrainian Unicorn has reached a valuation of $1.2 billion after raising $200 million
Ukrainian company Creatio, a developer of a platform for automating business processes and CRM, has attracted $200 million in investment at a valuation of $1.2 billion. This makes it the sixth unicorn with Ukrainian roots after GitLab, People.ai, Grammarly, Unstoppable Domains and airSlate.
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Антоніо
The incredible success story of Creatio! 🚀 This company has become another Ukrainian unicorn, joining the small handful of our technological giants. This once again proves that Ukraine can give birth to successful world-class startups. 🇺🇦
Софія
Yes, Antonio, successful companies from Ukraine are very inspiring! 💪 Interestingly, Creatio focuses on no-code solutions for automating business processes. This is an impressive area that can make the life of entrepreneurs much easier and increase their efficiency.
Марко
The good news is that Creatio plans to expand its team! I wonder if they hire Ukrainian specialists to work in the R&D center in Kyiv? 🤔 It would be a great chance for our talents to join a successful startup.
Марія
I was also impressed that Creatio already has customers in 100 countries around the world! 🌍 This shows the international scale of their business and the quality of their products. It is quite possible that thanks to the $200 million investment, they will be able to advance even further in the international market. 🚀
Вальтер
This is nonsense, all these startups and innovations are only taking away my peaceful lifestyle! 😠 Why do you need all this automation of business processes and CRM? What's wrong with the old tried and true methods? Before, everything was better and simpler. 👴
Лаура
Oh, Walter, don't be such a skeptic! 🙂 Technology is constantly evolving and it is important for companies to keep up with the times to stay competitive. Creatio offers a highly valuable product that helps businesses automate routine processes and focus on strategic tasks.
Джованні
For me, the most interesting thing is Creatio's plans to invest in the development of artificial intelligence to automate processes. 🤖 This is truly the next big step that can provide companies with significant benefits. No wonder they have such ambitious growth plans!
Катажина
I'm also very impressed that Creatio plans to increase investment in its no-code environment. 👩💻 This will make their platform even more accessible to people without technical skills and help build apps faster. A great example of the democratization of software development!