Following the round, the company becomes the sixth unicorn with Ukrainian roots, joining GitLab, People.ai, Grammarly, Unstoppable Domains, and airSlate.
Founded in 2014 by Katherine Kostereva, Creatio develops a no-code CRM and workflow automation platforms, helping its customers digitize workflows, enhance customer and employee experiences, and increase the productivity of commercial and operational teams.
Headquartered in Boston, the US, Creatio has an R&D center in Kyiv, Ukraine. The company is present in 25 countries, serving thousands of customers across 100 countries in 23 languages.
The fresh funding was led by Sapphire Ventures, a venture capital firm based in Austin, Texas. The firm invests in startups focusing on B2B SaaS, AI, machine learning, crypto, cybersecurity, data analytics, and more. Its portfolio consists of 102 startups and includes 150 exits, such as iYogi, Braze, and TidalScale.
“We are thrilled to partner with CEO Katherine Kostereva and the entire Creatio team. Creatio’s true AI-powered No-Code platform—built on a unique, composable architecture—offers exceptional flexibility and usability that empowers enterprise customers to swiftly build, deploy and personalize applications for a variety of use cases across CRM, case management, and workflow automation,” Managing Director at Sapphire Ventures, Rajeev Dham, stated.
The investment also saw participation from StepStone Group and existing investors, the US Volition Capital and US-Ukrainian Horizon Capital.
With the fresh funding, Creatio plans to achieve its vision by strengthening the following three strategic areas:
- Driving innovations in no-code and AI: focusing on AI-assisted development, copilot capabilities, no-code governance, and ALM. The company will also expand its ready-to-use components and templates for various verticals.
- Developing and expanding partnerships.
- Expanding its team: focusing on growth in the R&D, customer success, marketing, and sales departments.
