Creatio, a Boston, MA-based no-code CRM and workflow automation platform, raised $200 million in funding at a $1.2 billion valuation.
Investors
The round was led by Sapphire Ventures, with additional participation from StepStone Group and existing investors Volition Capital and Horizon Capital.
Sapphire Ventures is a global software venture capital firm with over $10 billion in AUM and team members across Austin, London, Menlo Park, and San Francisco. Since its founding, Sapphire has invested in more than 170 companies globally, resulting in over 30 public listings and 45 acquisitions.
Creative Use of Funds
The company will use the funds to scale its AI capabilities, enhance core no-code features, and expand its partner ecosystem.
About Creatio
Founded and led by CEO Katherine Kostereva, Creatio provides no-code automation solutions for knowledge workers. Creatio's platform is designed to handle various front-office processes, including sales, customer relationship management, marketing, and service management. It leverages AI to enhance its functionalities, helping users automate workflows, score sales opportunities, generate emails, design workflows, and convert text-based requirements into business rules. The company serves some of the largest organizations in the world, including industry giants such as Colgate-Palmolive, AMD, MetLife, OKI, Top Build, Saudi Telecom Company, and many more.
Funding Details
Company: Creatio
Raised: $200.0M
Round: Seed Round
Funding Month: June 2024
Lead Investors: Sapphire Ventures
Additional Investors: StepStone Group, Volition Capital, Horizon Capital
Company Website: https://www.creatio.com/
Software Category: CRM and Workflow Automation
Source: https://techcrunch.com/2024/06/26/creatio-raises-200m-at-a-1-2b-valuation-for-its-no-code-crm-and-workflow-platform/