Leapwork just reached a new milestone, raising $62 million in the largest ever Series B funding round in Danish history. The round was co-led by leading global investment firms KKR and Salesforce Ventures.
We’re humbled to have won the support of two of the largest and most well-respected global investors. Both understand the market and can be true partners as we continue to grow our global presence.
Having grown exponentially each year since we were founded, and more than doubled our growth over the last 12 months, we’re better positioned than ever for our next phase of growth.
Looking back, it’s been an amazing journey. After spending almost two decades in enterprise software and business-critical IT, we recognized that a lot of the issues coming up in enterprise quality assurance were caused by barriers between humans and computers.
What started as a rough sketch on a napkin quickly became Leapwork – a no-code automation platform that gives businesses the ability to scale with automation faster than code can be maintained - ultimately empowering quality assurance teams, leading to shorter test cycles and immediate return on investment. Because when anyone can automate, everyone can focus on innovation. It’s as simple as that.
Fast forward to today, and Leapwork is used by over 300 global enterprises including PayPal, Mercedes-Benz, and BNP Paribas. We have a growing, talented team of 170 people, across 24 different nationalities and nine offices throughout Europe, North America, and Asia.
Everything we do is rooted in our ambition to empower the world’s largest enterprises to adopt digital transformation safely and successfully. Our key priorities with the funding will be to fuel further growth and power product development.
Specifically, we’ll use the funding 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, particularly Europe and North America.
While we have already seen huge success in the US, it is an incredibly important market for us, and we plan to increase the headcount at our recently opened New York office significantly over the next 12 months.
Equally, we have recently opened new offices in Frankfurt, London, Paris, Amsterdam, and Stockholm, and will ensure our teams have the scope to work closely with our growing customer base.
Finally, we plan to invest heavily in the product and the technology that underpins our software. We will double the size of our tech hubs in Copenhagen and India over the next year.
With these initiatives in place, we are confident that we will continue to solve a problem that no one else can, helping businesses develop software better and faster. With software test automation being an integral part of the software development lifecycle, our technology has quickly become a fundamental requirement for large enterprises.
We owe a huge thank you to KKR, Salesforce Ventures, and existing investors DN Capital and Headline for believing in Leapwork, and to our customers for trusting us. But most of all we want to thank the hard-working Leapwork team – we’re just getting started!
Christian Brink Frederiksen, CEO & Co-Founder of Leapwork
Claus Topholt, CPO & Co-Founder of Leapwork