RPA service provider reveals $25m Series A funding with Grafton Capital

Softomotive has announced its Series A financing round of $25m with Grafton Capital.

This investment will help Softomotive build on its strong and growing position in the rapidly-expanding RPA market.

Grafton Capital is based in London and makes minority investments in founder-owned software companies across Europe. Softomotive has selected London as its home city and recently moved to new offices near Liverpool Street station.

Softomotive was one of the early pioneers of RPA with WinAutomation, and has since strengthened its market position with ProcessRobot, an enterprise RPA platform, including best-of-breed third party AI tools.

Together, these products, covering both attended (people-to-machine) and unattended (machine-to-machine), provide enterprises of all sizes with a ‘smooth’ RPA journey by enabling them to start small, learn quickly and scale seamlessly.

Marios Stavropoulos, CEO and co-founder of Softomotive, said: “With this injection of growth capital and with London as its new base, Softomotive will expand its global footprint and accelerate the development of its product roadmap with a special emphasis on desktop automation and RPA for medium-sized enterprises.

“We look forward to working with Grafton Capital as we enter our next growth phase.”

Oliver Thomas, who led the investment for Grafton Capital and will join Softomotive’s Board of Directors, added: “We have spent the last months talking to industry leading enterprises in the US, Europe and Asia, all of whom have made rigorous assessments and selected Softomotive’s products ahead of other RPA leaders.

“It’s a great privilege to be working with founders who have built a world class product and have a clear vision as this exciting software category moves from early adoption to mass deployment.”