Unito Raises $20 Million In Series B Funding
Montreal-based startup Unito raises a $20 million Series B funding round today, bringing its total amount raised to $32.9 million.
CDPQ led today’s round, joined by new investors Rainfall Ventures and Investissement Québec, plus existing backers Bessemer Venture Partners, Tom Williams, and Mistral Venture Partners.
Unito provides an easy way to integrate disparate SaaS applications by providing an easy way to ease workflow management. With its no-code integrations, you can move information freely between applications such as Asana, GitHub, Google Sheets, Jira, Salesforce, Trello, and more.
With this new funding, Unito can further expand its market traction – including Atlassian, Corpay, Teamwork, the Cincinnati Reds, and Wrike – and expand its connectors across the entire digital productivity suite.
“As SaaS tools proliferate, companies are embracing integrations that bring tools together and power the cross-functional teams that are the future of work. Our customers recognize the impact of no-code, two-way syncs, and we’re thrilled to have investors that share our mission of smashing tool silos and uniting work. Unito’s integrations cut tool license costs, eliminate hours of manual copy and pasting, and empower teams to close projects faster and rapidly scale,” said Marc Boscher, co-founder and CEO of Unito.
With Unito, you can synch spreadsheets between Excel and Google Sheets, automatically allowing you to export data from Excel to Google Sheets. Rather than jumping between tabs and tools and copy-pasting information between Excel and Sheets, any changes made in Excel will appear immediately in Sheets.
Among the benefits of Unito’s platform is that it allows users to significantly reduce tool licensing costs while saving them countless hours of copying and pasting data.
“We believe Unito is well positioned to accelerate its global growth by solidifying its considerable market presence and opening up new categories as companies seek simple and powerful workflow integrations. We’re especially excited to lead this round because Unito shares our commitment to diversity and inclusion,” shared Wils Théagène, Senior Director at CDPQ and representative of the Equity 253 fund.
Unito says its integration capabilities have become essential due to the rapid growth of SaaS applications in the rise of remote work. A testament to its success can be seen in the company’s growth: It counts more than 50,000 users at more than 7,000 companies worldwide. According to Unito, its employee headcount has tripled since 2020. Thousands of companies use its software to create workflows for IT, project management, sales, software development, spreadsheets, and other tasks.
“Unito is a leader in an integration market that has significant growth opportunities. Marc and Eryk’s vision to allow workers to work from their tool of choice is crucial for distributed teams and the cost savings are important for companies in an uncertain economy. We look forward to continuing our partnership with Unito as the company pursues new markets and continues shaping the flow of work,” stated Jeremy Levine, partner at Bessemer Venture Partners.
In 2020, Unito closed a $10.5 million Series A round led by Bessemer Venture Partners with participation from existing investors Mistral Venture Partners, Real Ventures, and Tom Williams.
About Unito:
Unito is a workflow management service. It allows you to build, optimize, and automate your workflows across tools and teams. It was founded in 2015 by Marc Boscher and Eryk Warren and launched on October 31, 2016. It featured automatic syncing between Github, a popular developer tool for tracking code changes, and Wrike, a well-known project management tool. Soon after, they connected Asana and Atlassian’s Jira and have since added Trello, Basecamp, BitBucket, GitLab, HubSpot, and Zendesk to their list of integrations.