London-based Softomotive closes $25m Series A


Softomotive has closed a $25m Series A with London-based Grafton Capital.

The company specialises in robotic process automation (RPA) and is planning to move its HQ from Athens to London.

“With this injection of growth capital and with London as its new base, Softomotive will expand its global footprint and accelerate the development of its product roadmap with a special emphasis on desktop automation and RPA for medium-sized enterprises,” said Marios Stavropoulos, CEO and co-founder of Softomotive.

“We look forward to working with Grafton Capital as we enter our next growth phase.”

“Right from the start, Softomotive has proven to be a pioneer and innovator in the RPA marketplace,” added Argyris Kaninis, COO and co-founder of Softomotive.

“With our unique portfolio comprising both installed and server-based RPA software, we are well placed to serve enterprises of all sizes and this new partnership with Grafton Capital will help us achieve our future goals, including being a disruptive influence on the growing RPA market.”

Oliver Thomas led the investment for Grafton Capital and will join Softomotive’s board of directors.

He said: “We have spent the last months talking to industry leading enterprises in the US, Europe and Asia, all of whom have made rigorous assessments and selected Softomotive’s products ahead of other RPA leaders. It’s a great privilege to be working with founders who have built a world class product and have a clear vision as this exciting software category moves from early adoption to mass deployment.”