Series A9 January 2023

AutomatePro raises £5m in Series A funding from YFM Equity Partners to scale US expansion and product development.

YFM Equity Partners backed the cloud software provider in its first institutional funding round.

£5.0MSeries A

AutomatePro provides cloud-based intelligent test automation and DevOps software built on the ServiceNow platform. The company helps enterprise customers improve software maintenance, regulatory compliance, and development efficiency.

AutomatePro has secured £5m in Series A funding from YFM Equity Partners to accelerate its expansion into the United States and drive product innovation. The injection of capital will also be directed towards scaling up the company's sales, marketing, and customer success operations.

Operating within the enterprise cloud ecosystem, AutomatePro offers patented automated testing and documentation software tailored for ServiceNow users. The fresh capital follows backing from earlier seed investors and PrefCap, positioning the firm for broader international reach.

From the founder

"We are delighted to welcome YFM on board as our first institutional shareholder, having recognised early on the alignment with our strategy and values. We are very grateful for the support we have had from PrefCap and our seed investors in getting us to this stage. The investment and support from YFM will enable us to help even more enterprises across the globe accelerate their digital transformation with ServiceNow and other cloud platforms. Our customers will benefit from an increased capacity to further innovative our ground-breaking automated DevOps capabilities."

Paul Chorley

Chief Executive Officer and Co-Founder at AutomatePro

Investor perspective

"the AutomatePro team has built a world class SaaS product that’s delivering significant value to some of the largest and most complex organisations. Intelligent automated testing is a key feature of DevOps best practice and has become a necessity for organisations looking to maximise value from their IT infrastructure and IT talent. We are really bullish on investing further in software and services business enabling DevOps, and the great teams we are backing are benefiting from being part of a group of high growth business in this space with the common support of YFM."

Roshan Puri

Investment Director, YFM Equity Partners