Creatio Raises $68 Million to Expand Growth of Their Low-Code CRM

 

After a year of rapid growth Creatio has closed a $68 million round of funding.  Despite the fact that we were (and still are) in a pandemic, last year had the highest growth rate in the company’s history.  They had a net customer retention of 122%, which is pretty impressive. The combination of the low-code + BPM + CRM makes Creatio’s value proposition unique for the market and allows the company to continue to grow at a rapid pace despite the pandemic.  The funding is a minority investment to fuel the company’s growth, with Creatio’s strategy, leadership team, product vision and commitment to customer success remaining unchanged.  The lead investor is Volition Capital, a Boston-based growth equity firm investing in high growth companies, with participation from Horizon Capital, a private equity firm investing in Europe.  The company will use the funds to invest in three areas: 1) R&D, 2) global marketing and sales expansion, and 3) the partner network.

You can find more details in the blog post by Creatio’s CEO here, or the official press release.

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