Georgian, iNovia back WorkFusion's $50 mln Series E

WorkFusion, a New York-based robotic process automation software company, has raised US$50 million in a Series E financing, bringing its total funding to US$118 million. The latest round was led by Hawk Equity and Declaration Partners. They were joined by existing investors, including Canadian growth equity firm Georgian Partners, which led the company's US$35 million Series D round last year, and Canadian venture capital firm iNovia Capital. WorkFusion, which reported 850 percent growth in demand for its products in 2017, said it will use the funds raised to expand global operations and further its vision.

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