Ukrainian company airSlate raises $40 million
airSlate (formerly PDFfiller), a leader in no-code business automation solutions, has announced the closing of a $40 million round from Morgan Stanley Expansion Capital, General Catalyst, and HighSage Ventures.
airSlate plans to expand product functionality and enter new international markets.
The company says the funding will be used to boost sales to $100 million in 2021, with a focus on expanding product functionality and integrations for additional use cases.
Also, the money will go toward marketing organization and expansion into new international markets.
“Automating business processes and document management from a secure, comprehensive, and reliable cloud is what businesses are searching for to modernize their applications and support widely distributed customers, partners, and employees. airSlate’s unique suite ideally future-proofs how companies can and will operate digitally,” says Paul Sagan, airSlate board member and executive-in-residence at General Catalyst.
With the closing of this round, the total amount of funding in airSlate is $80 million.
airSlate is a SaaS technology company that serves its users worldwide with its no-code business process automation and document management solutions. The company’s solutions allow non-technical users to convert their business processes into a digital format by transferring them to cloud services.
According to airSlate, the company has over 20 million clients and employs 700+ people.