The manufacturer of a low-code platform for process management and CRM, the Creatio group of companies, which includes Terrasoft, has attracted minority investments in the amount of $68 million to develop its business in the international market.
The funds received will be used to further accelerate expansion abroad, strengthen R&D and actively develop the partner ecosystem in 110 countries of the world. Volition Capital was the lead investor. The co-investor is the Horizon Capital fund.
According to the company, citing analysts, the volume of the global market for low-code platforms will reach $187 billion by 2030.
Katerina Kostereva, Co-founder and CEO of Creatio