‘No-code’ process automation platform, Leapwork, fires up with $62M Series B –
Summary
Copenhagen-based process automation platform Leapwork has snagged Denmark’s largest-ever Series B funding round, announcing a $62 million raise co-led by KKR and Salesforce Ventures, with existing investors DN Capital and Headline also participating. “In terms of our global presence, we want to ensure we are as close to our customers as possible, by continuing to build up local teams and expertise across each of our key markets, especially Europe and North America,” CEO and co-founder Christian Brink Frederiksen tells TechCrunch. For example, we’ll be doubling the size of our tech hubs in Copenhagen and India over the next 12 months.” Product development set to be accelerated with the chunky Series B will focus on enhancements and functionality aimed at “breaking down the language barrier between humans and computers,” as Brink Frederiksen puts it “Europe and the U.S. are our two main markets. “Having said that, because our solution is no-code, it is heavily used across industries, including healthcare and life sciences, logistics and transportation, retail, manufacturing and more.” Asked about competitors — given that the no-code space has become a seething hotbed of activity over a number of years — Leapwork’s initial response is coy, trying the line that its business is a “truly special snowflake.” (“We truly believe we are the only solution that allows non-technical everyday business users to automate repetitive computer processes, without needing to understand how to code. In a third supporting statement, Nowi Kallen, principal at Salesforce Ventures, added: The proof of the no-code “pudding” is in adoption and usage — getting non-developers to take to and stick with a new way of interfacing with and manipulating information.
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