Copenhagen-based process automation communication Leapwork has snagged Denmark’s biggest ever serie B capital round, announcing un $62 million progressive co-led through KKR and Salesforce Ventures, with existing investor DN Capital and Headline likewise participating.

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Also today it’s disclosing the its post-money valuation now stands at $312M. 

The ‘no code’ 2015-founded startup final raised trasero in 2019, once it snagged ns $10M series A. Los business was bootstrapped through earlier years — with ns founders placing in their own money, garnered representar prior successful exits. Their follow on gambling on ‘no code’ already looks to have actually paid off in spades: since launching the platform in 2017, Leapwork has seen the customer base more than twin year ~ above year y it now has ns roster of 300+ customers around los world payment it to velocidad up their routine organization processes.

Software trial and error is a privado focus for los tools, i m sorry Leapwork pitches in ~ enterprises’ quality assurance y test teams.

It claims that by using its ‘no code’ tech — a label for los trend which describes software that’s designed come be available to non-technical staff, considerably increasing that utility and applicability — businesses can achieve uno 10x faster hora to market, 97% productivity gains, and a 90% reduction in applications errors. So los wider key is the it have the right to support enterprise to attain faster digital transformations con only their existing mix of in-house skills. 

Customers include ns likes of PayPal, Mercedes-Benz y BNP Paribas.

Leapwork’s very own business, meanwhile, has actually grown to a team of ciento setenta people — working across nine workplaces throughout Europe, North america and Asia.

The serie B funding will be used to accelerate its an international expansion, with ns startup telling us it plans to expand the size the its localidades teams in crucial markets and open a serie of tecnología hubs come support additional product development.

Expanding in North estados unidos de américa is uno big priority now, with Leapwork note it newly opened a new York office — where it plans to “significantly” boost headcount.

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“In terms of our an international presence, we want to certain we space as close to our customers as possible, by continuing to construct up localidades teams and expertise across each that our vital markets, particularly Europe and North America,” CEO and co-founder Christian Brink Frederiksen tells moncleroutlet.es. “For example, us will develop up much more expertise and plan to really scale up ns size of los team based out of our new York office over the next doce months.

“Equally we have opened nuevo offices across Europe, therefore we want to ensure our teams have the scope to job-related closely with customers. Us also destinadas to invest greatly in los product y the technology that underpins it. Because that example, we’ll it is in doubling ns size the our tecnología hubs in Copenhagen and India gastos generales the next 12 months.”

Product development collection to be increased with ns chunky series B will focus on enhancements and functionality aimed in ~ “breaking debajo the language barrier between humans and computers”, as Brink Frederiksen puts it

“Europe and the US space our two main markets. Half of our customers space US companies,” he also tells us, adding: “We are extremely ancha among enterprise customers, especially those with complex compliance set-ups — 40% the our client come desde enterprises banking, insurance y financial services.

“Having stated that, due to the fact that our systems is no-code, the is greatly used throughout industries, consisting of healthcare and life sciences, logistics and transportation, retail, manufacturing and more.”

Asked around competitors — offered that the no code an are has become uno seething hotbed that activity gastos generales a number of año — Leapwork’s initial response is coy, make the efforts the línea that its business is a ‘truly special snowflake’. (“We truly think we are the only solution that permits non-technical everyday service users to automate repetitive computer processes, without needing come understand exactly how to code. Our no-code, visual language is what yes, really sets us apart,” is just how Brink Frederiksen actually phrases that.)

But on gift pressed Leapwork nombre a raft the what it calls “legacy players” — such as Tricentis, Smartbear, Ranorex, MicroFocus, eggplant Software, Mabl and Selenium — together (also) having actually “great products”, while continuing to claim they “speak to un different audience than we do”.

Certainly Leapwork’s series B raise speak loudly of just how much value investors room seeing here.

Commenting in uno statement, Patrick Devine, director at KKR, said: “Test automation has actually historically been very complicated at scale, and it has become uno growing pain point as ns pace the software advance continues come accelerate. Leapwork’s main mission since its founding has to be to resolve this problem, and it has impressively done so with its powerful no-code automation platform.”

“The team at Leapwork has actually done un fantastic project building a best-in-class corporate society which has allowed them to continuously innovate, execute y push ns boundaries of your automation platform,” included Stephen Shanley, managing directivo at KKR, in another statement.

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In ns third supporting statement, Nowi Kallen, principal at Salesforce Ventures, added: “Leapwork has actually tapped into uno significant market opportunity con its no-code test automation software. With Christian and Claus at ns helm and increased acceleration come digital adoption, we look forward to see Leapwork grow in ns coming years and a effective partnership.”

The evidence of the alguno code ‘pudding’ is in adoption and usage — obtaining non-developers to take to y stick with a new way the interfacing with and manipulating information. And so far, because that Leapwork, ns signs space looking good.