Creatio raises $200M investment. It is now valued at $1.2B becoming the sixth unicorn with Ukrainian roots

Creatio, the developer of a no-code platform for business process automation and CRM, has raised $200 million in a fresh round at a valuation of $1.2 billion. Horizon Capital, the company’s current investor, told AIN the details.

Following the investment, Creatio becomes the sixth unicorn with Ukrainian roots after GitLab, People.ai, Grammarly, Unstoppable Domains, and airSlate.

About Creatio

• Creatio is a leading vendor of a no-code platform to automate CRM and enterprise workflows with a maximum degree of freedom. Creatio’s founder and CEO Kateryna Kostereva comes from Kyiv, Ukraine, but currently lives and builds her business in the United States of America.
• The company is now directly present in 25 countries, including a large R&D center in Kyiv. The company’s headquarters are located in Boston (USA). The official press release states that Creatio has been experiencing rapid business growth of around 50% every year, increasing its customer base and partner network through the development of the product side and investment in R&D.

Investment details

The minority round was led by Sapphire Ventures with participation from StepStone Group. In addition to Horizon Capital, existing investor Volition Capital also participated in the investment.

Creatio will use the fresh funds to strengthen the company’s global expansion. Furthermore, thanks to the fresh capital, the team will be able to strengthen three strategic directions:

• Increased investment in no-code and artificial intelligence. The company plans to use AI to automate processes and increase user productivity. To simplify the process of building applications, Creatio will also continue to develop no-code development management tools, the company said. Creatio also plans to expand its portfolio of pre-built components and templates for various industries to help organizations build applications even faster.
• Expand its partner network. According to the company, it now has customers in 100 countries around the world.
• Team growth. The company plans to expand its team in all key areas (R&D, support, marketing, sales, etc.).

Moreover, the parties to the agreement assured that the strategy, vision, and management of the company would remain unchanged.