How investors in $10 billion UiPath spotted an emerging European software decacorn - Business Insider

Enterprise software startup UiPath is Europe's latest decacorn, hitting a valuation of $10 billion after a Series E fundraise in July.

"When I first met Daniel I was struck by his conviction," Reshma Sohoni, partner at Seedcamp, said. "He was talking about RPA which was a product that was hard to imagine at the time but his belief and self confidence were already there."UiPath — Romania's first unicorn startup, Europe's latest decacorn, and one of the fastest growing software companies in the world — started in a flat in Bucharest in 2005.

Business Insider spoke to two key European investors in the buzzy software startup, Seedcamp partner Reshma Sohoni who invested in 2016, and Accel partner Philippe Botteri who led the company's $30 million Series A in 2017, to understand how to spot a potential decacorn. In 2005, CEO Daniel Dines and CTO Marius Tirca founded DeskOver, an automation library startup that would eventually pivot to become UiPath.

The company took the bold move of founding a US office and soon caught the attention of VC investors including Earlybird, Credo Ventures and Seedcamp, which funded a $1.6 million seed round in the company.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

US investors back a quarter of all big European fintech deals - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Washington DC
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »

Angel investor reveals 2 prerequisites for billion-dollar startups - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »

Unicorn startups that could emerge from the pandemic and recession - Business InsiderThe CEO of an investment platform that's helped startups land $150 million in funding explains 5 opportunities for unicorns to emerge from the recession based on the meteoric successes he's seen so far
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »

Business Insider's best investing stories of July 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »

Business Insider webinar: How influencers earn money in pandemic - Business InsiderSIGN UP NOW: Next week we're talking to YouTube and Instagram influencers with millions of followers about how they're adapting their businesses during the pandemic and earning 6-figure incomes
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »