Total amount raised
$268 Millions
Latest funding date
6/1/2024
Location
Creatio has successfully raised $200 million in funding, achieving a valuation of $1.2 billion. The company offers an AI-native platform designed to automate CRM and enterprise workflows using no-code technology.
Keep reading to explore the intricacies of Creatio's fundraising journey and the investors backing this innovative platform.
What Is Creatio?
Creatio, founded in 2014 by Katherine Kostereva, is headquartered in Boston, Massachusetts. The company specializes in providing a no-code platform that automates CRM and enterprise workflows.
With a workforce of 501-1000 employees, Creatio's platform enables businesses to create applications and automate processes without any programming knowledge. Their solutions cater to various industries, including banking, insurance, and telecommunications.
Creatio's AI-native platform combines Predictive, Generative, and Agentic AI to enhance marketing, sales, and service management. The company has gained recognition in Gartner and Forrester reports for its innovative approach.
How Much Funding Has Creatio Raised?
- Venture Round
- Amount Raised: $68M
- Date: February 2021
- Lead Investors: Volition Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand market reach.
- Private Equity Round
- Amount Raised: $200M
- Date: June 2024
- Lead Investors: Sapphire Ventures
- Valuation at Round: $1.2 billion
- Motivation Behind the Round: To support global expansion and enhance no-code and AI capabilities.
Total amount raised: $268M. Current valuation: $1.2 billion.
Key Investors
- Sapphire Ventures
- Details: Sapphire Ventures is a global software venture capital firm with over $10 billion in assets under management. The firm has invested in more than 170 companies globally, resulting in over 30 public listings and 45 acquisitions.
- Investment Focus Areas: Global software investments, growth-stage technology companies, companies with potential for public listings and acquisitions.
- Notable Investments: LinkedIn, Box, Square.
- Volition Capital
- Details: Volition Capital is a Boston-based growth equity firm that invests in high-growth, founder-owned companies. The firm has over $1.7 billion in assets under management.
- Investment Focus Areas: High-growth, founder-owned companies, software, internet, consumer sectors.
- Notable Investments: Chewy, iPipeline, Assent Compliance.
- StepStone Group
- Details: StepStone Group is a global private markets investment firm focused on providing customized investment solutions and advisory services. The firm partners with clients to develop private market portfolios across various asset classes.
- Investment Focus Areas: Private equity, infrastructure, private debt, real estate.
- Notable Investments: Partners with some of the world’s largest public and private pension funds, sovereign wealth funds, and insurance companies.
- Horizon Capital
- Details: Horizon Capital is a private equity firm in Emerging Europe with over $1.6 billion in assets under management. The firm invests in fast-growing businesses in technology, e-commerce, and innovative industries.
- Investment Focus Areas: Technology, e-commerce, innovative industries in Emerging Europe.
- Notable Investments: Datagroup, Rozetka, Ciklum.
What's Next for Creatio?
Creatio stands at the cusp of significant opportunities, driven by its recent $200 million funding round. The company aims to enhance its no-code and AI capabilities, expand its portfolio of industry-specific components, and grow its global partner network. With a valuation of $1.2 billion, Creatio is well-positioned to capitalize on the increasing demand for flexible, user-friendly platforms in the enterprise software market.
Future fundraising opportunities seem promising, given the company's growth trajectory and the substantial market potential. Creatio may attract further investments to support its global expansion and continuous innovation. However, the company faces challenges such as competition from established tech giants and the need to maintain rapid innovation and scalability. Balancing these factors will be crucial as Creatio navigates its path forward.
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