Copenhagen-based Leapwork snaps up €52.6 million for its no-code software test automation platform
Summary
The funding – which is one of the largest Series B rounds ever raised in Denmark – gives the company a post-money valuation of around €265.1 million and will be used to bring its market-leading, no-code automation technology to more businesses around the world. The funds will additionally be used to bolster product development, with Leapwork planning to double the size of its tech hubs in Copenhagen and India within the next twelve months. Using Leapwork’s no-code technology, businesses can achieve a 10X faster time to market, 97% productivity gains, and a 90% reduction in software application errors, making it possible to supercharge transformation strategies while mitigating the impact of skills shortages. The US is arguably the most important market for software automation in the world, and we’ve already experienced strong success there, with around half of our customer base coming out of North America. “The team at Leapwork has done a fantastic job building a best-in-class corporate culture which has allowed them to continuously innovate, execute and push the boundaries of their automation platform,” added Stephen Shanley, Managing Director at KKR.
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