Rewst Raises $45 Million in Funding
Rewst, a Tampa, Florida-based automation platform purpose-built for Managed Service Providers (MSPs), has raised $45 million in funding.
Rewst, a Tampa, Florida-based automation platform purpose-built for Managed Service Providers (MSPs), has raised $45 million in funding.
Investors
The round was led by Sapphire Ventures, with participation from existing investors Meritech Capital and OpenView, bringing Rewst's total capital raised to $104 million to date.
Sapphire is a global venture capital firm with over $10 billion in assets under management, operating from Austin, London, New York, Menlo Park, and San Francisco. Sapphire has invested in over 170 companies, resulting in over 30 public listings and 45 acquisitions. The firm’s investment strategies—Sapphire Ventures, Sapphire Partners, and Sapphire Sport—focus on scaling companies and venture funds into category leaders.
Rewst Use of Funds
The company plans to use the funds to accelerate innovation in its RPA platform and invest in community building, education, and customer support.
About Rewst
provides an automation platform specifically designed for Managed Service Providers (MSPs). Their platform, which uses Robotic Process Automation (RPA), allows MSPs to automate various processes by connecting their tools and creating custom workflows. The platform offers features like pre-built automation called Crates, dynamic forms, custom integrations, and version control, which simplify and enhance automation for MSPs. Founded in 2020 and based in Tampa, FL, Rewst now serves over 900 MSPs, primarily in North America, and is expanding into Europe and Asia-Pacific.
Funding Details
Company: Rewst, Inc.
Raised: $45.0M
Round: Undisclosed
Funding Month: August 2024
Lead Investor: Sapphire Ventures
Additional Investors: Meritech Capital, OpenView
Company Website: https://rewst.io/
Software Category: Automation Solutions
