airSlate Valuation, Funding & Investors

airSlate is valued at $1.3B as of June 2022.

Last airSlate valuation

$1.3B

Series B · Jun 2022

Last airSlate funding round

$52M

Series B · Jun 2022

Cumulative funding airSlate raised

$132M

across 3 funding rounds

Key investors in airSlate

  • General Catalyst
  • G Squared
  • Morgan Stanley Expansion Capital
  • HighSage Ventures
  • UiPath Ventures

airSlate Overview

About airSlate

airSlate is a global SaaS company offering no-code automation for business processes and document management. Its portfolio includes airSlate for workflows, pdfFiller for PDF editing, signNow for e-signatures, and USLegal for forms. These tools enable digital transformation in document handling. Founded in 2010, the Minsk-headquartered firm serves enterprises across multiple industries.


Founded

2006

HQ

UkraineKiev

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$1.3B (Jun 2022)

airSlate Valuation

airSlate is currently valued at $1.3B, based on its Series B in June 2022.

The $52M round was led by G Squared, with participation from UiPath Ventures.

airSlate valuation by funding round

airSlate valuation by funding round
DateStageValuation
Jun 2022Series B$1.3B

airSlate Funding History

airSlate has raised a total of $132M across 3 funding rounds.

airSlate's first fundraising round was a $40M Series A in July 2017. The most recent completed round was a $52M Series B in June 2022.

airSlate funding rounds

airSlate funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2022Series BG Squared (lead); UiPath Ventures$52M$1.3BairSlate is a Boston-based provider of no-code workflow automation tools, enabling businesses to automate document workflows, approvals, data extraction, and integrations with RPA platforms using AI-powered bots and rules-based automation. The company targets a broad market including small businesses and enterprises, serving over 100 million users with solutions for generating documents, notifications, and data updates. Founded by Ukrainian immigrants, airSlate focuses on document-centric automation and digital transformation. On June 16, 2022, airSlate raised $51.5 million in a growth equity round led by G Squared, with participation from UiPath Ventures, marking the first investment for UiPath's new arm. The round valued airSlate at $1.25 billion post-money, achieving unicorn status, and brought total financing to $185.3 million, including prior debt. This followed a $50 million debt round from Silicon Valley Bank in February 2021 and other earlier raises. The funding supports expansion of automation capabilities, community building, and productivity enhancements for business documents and data. It also established a strategic technology partnership with UiPath, integrating airSlate's document workflows into UiPath's RPA platform for joint customers to automate end-to-end processes like document generation, scanning, approvals, and data return flows. Investors highlighted airSlate's rapid traction, ambitious vision, and fit within the growing automation sector amid evolving work practices. G Squared emphasized the platform's broad appeal and efficient scaling, while UiPath noted alignment in enabling enterprise automation and human achievement through AI and ML innovations.
Jan 2021Series BMorgan Stanley Expansion Capital (lead); General Catalyst; HighSage Ventures$40M-airSlate is a leader in no-code business automation solutions, offering workflow automation, e-signature, and document management tools tailored for small and mid-sized businesses. Its platform empowers non-technical users to digitally transform front and back-office processes like employee onboarding, sales workflows, contracts, and payments, with products including airSlate, pdfFiller, signNow, and USLegal. In January 2021, airSlate closed a $40 million growth equity round led by Morgan Stanley Expansion Capital, with participation from General Catalyst and HighSage Ventures, bringing total capital raised to $80 million at that point. The investors joined the board, with Pete Chung from Morgan Stanley Expansion Capital added to guide strategic growth. The new funding was earmarked to drive sales toward over $100 million ARR in 2021, emphasizing product expansions, new integrations, sales and marketing team buildout, and international market entry. This positioned airSlate to capture share in the burgeoning business process automation and document management sectors amid rising demand for remote-work-first digital solutions. The round affirmed airSlate's momentum in the no-code revolution, enabling faster innovation and scalability. airSlate had previously raised $40 million in a Series A in July 2017 to support initial platform development. Subsequent financings included $50 million debt from Silicon Valley Bank in February 2021 and a $51.5 million Series C led by G Squared in June 2022, culminating in total funding of $185 million and a $1.25 billion valuation by mid-2022.
Jul 2017Series A-$40M-airSlate is a Boston-based SaaS company providing no-code workflow automation, PDF editing, e-signature, and document management solutions, serving over 100 million users worldwide through products like airSlate, pdfFiller, signNow, and USLegal. The company raised a $40M Series A round in July 2017 to support initial growth and platform development, as per secondary sources. Subsequent rounds included $40M Series B in January 2021 led by Morgan Stanley Expansion Capital, $50M debt from Silicon Valley Bank in February 2021, and a $51.5M Series C in June 2022 led by G Squared with UiPath, valuing the company at $1.25 billion. Between 2017 and 2019, airSlate tripled in size and reached 443,000 customers by end-2019, including MetLife, Eversource, and the Australian government, generating $51 million in annual revenue by 2019. Earlier in 2021, it served over 20 million users. The 2022 funding was earmarked for expanding automation capabilities, hiring 400 employees across Ukraine, Poland, the U.S., and other locations, product development akin to Twilio, and building a creator community. Total funding raised across rounds totals approximately $171.5M to $185M per sources, with 7 investors including G Squared, Morgan Stanley Expansion Capital, General Catalyst, and Silicon Valley Bank. airSlate operates in the workflow automation market, competing with enterprise tools by offering accessible no-code solutions for businesses to streamline documents and processes. The 2022 round highlighted its unicorn status at $1.25B valuation, focusing on scaling beyond document workflows.

Who has invested in airSlate?

5 investors have backed airSlate across its funding rounds, including General Catalyst, G Squared, Morgan Stanley Expansion Capital, HighSage Ventures and UiPath Ventures.

Lead investors include G Squared and Morgan Stanley Expansion Capital.


airSlate Investors

Investors in airSlate by funding rounds participated
InvestorHQRoundsRoleFirst check
General CatalystUnited StatesSan Francisco, CA1ParticipantJan 2021
HighSage VenturesUnited StatesBoston, MA1ParticipantJan 2021
Morgan Stanley Expansion CapitalUnited StatesNew York City, NY1LeadJan 2021

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Acquisitions by airSlate

airSlate has acquired 2 companies to date.

Last acquisition by airSlate was on October 11th 2023. airSlate acquired Instapage for undisclosed valuation.


Latest Acquisitions by airSlate

Instapage
DocHub
Description
Instapage is a San Francisco-headquartered landing page platform that enables marketers to build and deploy personalized pages without coding or IT support. The tool supports A/B testing, conversion optimization, and post-click personalization to boost campaign performance across web and mobile channels.
DocHub is a McKinney-headquartered online PDF editor launched in 2014. The browser-based tool enables annotation, form filling, electronic signatures, and merging of documents without software installation. Integrated with Google Drive and Dropbox, it serves professionals in legal and real estate sectors for quick contract reviews and approvals.
HQ CountryUnited StatesUnited States
HQ City
San Francisco, CA
Boston, MA
Deal Date11 Oct 202328 Jul 2022
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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airSlate Competitors

airSlate competitors include listed companies like Infomart and Rezolve AI, and private ones like Typeform, Flipdish, Redo and Signifyd.

Public and private companies comparable to airSlate
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
TypeformSpainBarcelonaPrivate$70M-$935M13.4x
FlipdishIrelandDublinPrivate--$1.3B-
RedoUnited StatesSalt Lake City, UTPrivate--$1.3B-
InfomartJapanJapanPublicly listed$121M$31M$1.2B8.6x
SignifydUnited StatesSan Jose, CAPrivate$75M-$1.3B-
Rezolve AIUnited KingdomUnited KingdomPublicly listed$47M($109M)$950M4.0x

airSlate Public Comps

airSlate is still privately-owned, but its public comps include Infomart, Lightspeed Commerce, Wondershare, McMillan Shakespeare, Ireader, Rezolve AI, Shiprocket, Hangzhou Raycloud Tech, ODDITY Tech and Cybozu.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Infomart$121M$31M9.3x8.6x35.9x31.7x
Lightspeed Commerce$1.2B($13M)0.7x0.7x(65.4x)11.0x
Wondershare$229M($6M)6.3x6.4x(231.3x)(175.1x)
McMillan Shakespeare$336M$179M4.5x3.5x8.4x11.4x
Ireader$484M($16M)2.7x3.5x(81.1x)-
Rezolve AI$47M($109M)23.3x4.0x(10.0x)(19.3x)
Shiprocket$211M($7M)4.3x-(131.1x)-
Hangzhou Raycloud Tech$84M$719K10.6x9.8x1238.3x-

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Common questions about airSlate

When was airSlate founded?airSlate was founded in 2006.
Where is airSlate headquartered?airSlate is headquartered in Kiev, Ukraine.
Is airSlate publicly listed?No, airSlate is a private, VC-backed company.
What is airSlate's valuation?airSlate was last valued at $1.3B in its Series B in June 2022.
How much funding has airSlate raised?airSlate has raised $132M across 3 funding rounds.
What was airSlate's last funding round?airSlate's last funding round was a $52M Series B in June 2022, led by G Squared.
Who are airSlate's investors?airSlate's investors include General Catalyst, HighSage Ventures, Morgan Stanley Expansion Capital, UiPath Ventures and G Squared.
Which companies are comparable to airSlate?Companies comparable to airSlate include Typeform, Flipdish, Redo, Infomart, Signifyd and Rezolve AI.
How many companies has airSlate acquired?airSlate has acquired 2 companies, including Instapage and DocHub.

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