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Portfolio company case study: UiPath


City, State:

Headquartered New York, NY (founded: Bucharest, Romania)

Year Founded:



Information Technology

Deal Lead: 

Matt Witheiler

Investment Date:

April 26, 2019

Series Invested:

Series D-1, D-2, and E Preferred Stock

Company overview

UiPath aims to use the transformative power of automation to liberate the boundless potential of people—and drive profitable growth for enterprises. The AI-powered UiPath Business Automation Platform combines leading robotic process automation (RPA) with a full suite of capabilities to understand, automate, and operate end-to-end processes, offering unprecedented time to value.

Investment thesis

At the time of our investment in April 2019, we viewed robotic process automation as one of the fastest growing segments of the software market. We recognized UiPath as a leader in the category and believed in their ability to maintain tremendous adoption and growth to capture a meaningful portion of the multi-billion-dollar segment.

The case study presented is for illustrative purposes only to show how Wellington engages with private company founders and management teams. The late-stage growth team makes investments in other companies with different characteristics and the full list can be found on here

Wellington was a strategic pre-IPO partner for UiPath as we transitioned from the private to the public markets. They bring an extensive knowledge base and a broad network of relationships that was very helpful for us in the IPO process.

Daniel Dines
Founder and CEO of UiPath

Daniel Dines is the CEO of UiPath, which is a portfolio company that Wellington has invested in. This statement about Wellington reflects a personal opinion that may not be shared by others. There has been no compensation provided for such statements.

We were thrilled to partner with UiPath's visionary management team and believed their cutting-edge technology harnessing AI to automate digital tasks to be industry leading.

Matt Witheiler
Wellington Sector Lead, Consumer and Technology

Meet the late-stage growth team

Venture Associate, Late-stage growth
New York

Explore more case studies

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