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Announced

Completed

Battery Ventures led a $200m Series E round in Workato.

Financials

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Transaction Value£147m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Venture Capital

Friendly

Acquisition

Cross Border

Minority

IT Services: Other

integration-led automation

United States

Private Equity

Single Bidder

Private

Completed

online platform

machine learning

Synopsis

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Battery Ventures, a venture capital firm, led a $200m Series E round in Workato, an enterprise automation platform. Additional investors included Insight Partners, Altimeter Capital, Tiger Global, Geodesic Capital and Redpoint Ventures. "Businesses are still struggling to achieve true transformation because RPA and integration tools cannot scale to address the needs of enterprises today. Workato’s enterprise automation platform, a single platform for automation and integration that can be used by both Business and IT, addresses the challenges companies face when trying to automate at scale, enabling enterprises to achieve the speed and agility necessary for organisational transformation. We’re excited to put this new round of funding to work for our customers as they continue to push the boundaries of innovation," Vijay Tella, Workato CEO and Co-founder.

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