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


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

Share this:
Share on linkedin
Share on facebook
Share on twitter

Get exclusive access to news, data and actionable insights on the European Tech innovation ecosystem(s)

By subscribing to Tech.eu, you gain instant access to curated European technology news, market intelligence and interviews with leading startup founders, investors and more. Sign up now in under a minute to deepen your knowledge on the European Tech innovation ecosystems on a daily basis.