Dutch enterprise automation software firm Redwood scores €315 million in funding

Robin Wauters

Robin Wauters

Co-founder and editor-in-chief of Tech.eu, with previous stints at The Next Web and TechCrunch under his belt. Deeply in love with his family, technology, traveling and Belgian beer.
robin@tech.eu

Redwood Software, which offers a range of cloud-based business and IT process automation solutions, has secured €315 million in growth funding from a single investor, Turn/River Capital.

Redwood, which counts the likes of Coca-Cola, Airbus, Siemens, Mercedes Benz, and UBS among their thousands of global customers, says it will use the fresh cash to bolster its automation platform.

The Netherlands-headquartered company is no spring chicken; it was founded almost 30 years ago by CEO Tijl Vuyk.

He comments on the financing round: “We are thrilled to partner with Turn/River. Their team’s go-to-market expertise combined with Redwood’s best-in-class technology will create a highly complementary partnership, and further our goal of bringing modern automation to every enterprise.”

Also read:

The Rise of Intelligent Enterprise Automation

2020 was a watershed year for the expanding ecosystem of intelligent automation software

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