Leapwork raises $62 million Series B, establishing strong expansion in the US

 In Blog

The no-code software test automation platform Leapwork, has successfully raised $62 million in a funding round, the largest Series B in Danish history to be honest. The round was co-led by KKR and Salesforce Ventures. Existing investors DN Capital and Headline also saw participation. The company will be using the funding to further accelerate its expansion to North American. Leapwork has raised $72 million since its launch and is now standing in a post-money valuation of $312 million.

Founded in 2015 by Christian Brink Frederiksen and Claus Topholt, Leapwork has developed the accessible automation platform with a visual, no-code approach that is making it easy for businesses and IT users to automate repetitive processes, so enterprises can adopt and scale automation faster. Leapwork is used by more than 400 global enterprises across all industries, from banks and insurance companies to life science, government, and aerospace.

Co-founder and CEO of Leapwork, Christian Brink Frederiksen, said: “Since launching in 2015, we have more than doubled our growth year on year. We intend to accelerate that trajectory by investing heavily in product development and building our global presence to capitalize on the automation opportunity.”

We’re excited to have won the support of two of the largest and most well-respected global investors in KKR and Salesforce Ventures to execute on our vision. 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. Both KKR and Salesforce Ventures understand the market and can be true strategic partners as we continue to grow our global presence”.

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 company is headquartered in Copenhagen, Denmark, and has local offices across Europe, the US, and Asia, with clients including NASA, PayPal, BNP Paribas, and Daimler.

Source: Leapwork “A New Chapter of Growth for Leapwork”

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