UiPath gets USD 225m, Credo Ventures has share

Published: 22.07.2020 Related countries:  South Africa South Africa

UiPath gets USD 225m, Credo Ventures has share

UiPath, which focuses on robotic process automation and in which the Czech company Credo Ventures has invested as well, has closed a series-E investment call in which it raised USD 225m. The company’s value has thus increased to USD 10.2bn. The investment call was led by Alkeon Capital Management. Other participants were Accel, Coatue, Dragoneer, IVP, Madrona Venture Group, Sequoia Capital, Tencent, Tiger Global, Wellington, and funds advised by T. Rowe Price Associates.