airSlate completes $51.5 million financing round with G Squared, UiPath for $1.25B valuation
airSlate has completed a $51.5 million financing round led by venture capital firm G Squared. At the same time, airSlate extends its strategic partnership with UiPath, a leading enterprise automation software company. This round of financing values airSlate at over $1.25 billion.
This previous year, airSlate reported $120M ARR, reflecting 54% user growth. Today, airSlate serves 900,000 customers and over 100 million users with its portfolio of enterprise-grade eSignature, PDF editing, and no-code workflow automation solutions — signNow, pdfFiller, and airSlate.
airSlate’s market-leading solutions enable businesses to drive digital transformation across core operations. The company’s easy-to-use software and intuitive onboarding process allow companies to derive immediate value from any of airSlate’s four platforms, delivering efficiency and productivity gains that align with structural changes in the modern workplace. We are delighted to support airSlate and its visionary management team in their aim to build the future of workplace productivity.— Spencer McLeod, Partner at G Squared
airSlate extends its strategic partnership with UiPath
G Squared and UiPath’s $51.5 million round of financing will accelerate airSlate’s growth by contributing towards the expansion of its mid-market and enterprise customer base as well as new GTM channels. Further support will be allocated to product development, with a focus on strengthening airSlate’s already talented team of technical specialists.
The airSlate funding round also includes a new strategic partnership with UiPath. airSlate is the first portfolio company for the newly launched UiPath Ventures initiative, providing capital and resources for airSlate to partner with UiPath and to support the UiPath vision of the fully automated enterprise ™.
UiPath Ventures invests in companies that impact the world around us and further our purpose of accelerating human achievement. airSlate falls firmly into that category. Borya’s clear and ambitious vision for the company has helped drive impressive traction in a short period of time. We look forward to working together to harness the power of the UiPath platform and bring it to the millions of users and small businesses who rely on airSlate to keep their businesses running.— Vijay Khanna, Chief Corporate Development Officer at UiPath
About G Squared
G Squared is a growth-stage venture capital fund manager that invests in today’s most dynamic companies. G Squared partners with portfolio companies throughout their life cycles as a complete capital solutions provider, working to create value for companies, investors, employees, and other stakeholders. G Squared has invested in portfolio companies including 23andMe, Auto1, Blend, Bolt, Brex, Coursera, Fast, Flexport, Lemonade, Lyft, Palantir, Pinterest, Spotify, Toast, Turo, Uber, and WeFox.
UiPath has a vision to deliver the Fully Automated Enterprise™, one where companies use automation to unlock their greatest potential. UiPath offers an end-to-end platform for automation, combining the leading Robotic Process Automation (RPA) solution with a full suite of capabilities that enable every organization to rapidly scale digital business operations.