Oriana
Oriana, a Hungarian enterprise software company developing a low-code platform for business process management and workflow automation, raised a seed investment from Hiventures, one of Central and Eastern Europe’s largest venture capital investors. The funding supports Oriana’s international growth and further development of its enterprise-grade low-code solutions.
Deal summary
Oriana is a Hungarian low-code development platform company that enables enterprises to rapidly build and customize business process management and workflow automation applications for complex organizations. The company’s solution is used by over 70,000 users globally across enterprises, government agencies, custom development firms, and ISVs. In 2019, Oriana raised a seed round from Hiventures, one of Central and Eastern Europe’s largest venture capital investors managing around EUR 200+ million in assets and having made hundreds of investments in Hungarian startups and SMEs across all stages.
Deal rationale
Oriana raised growth capital to accelerateinternational expansion in the rapidly growing low-code market, where globalforecasts pointed to annual growth rates of roughly 30-40% and a steadilyincreasing share of enterprise application development shifting to low-code andno-code platforms. The funding was earmarked to strengthen Oriana’s sales andmarketing organization, scale its partner ecosystem, and support further productdevelopment.
Absolvo's contribution
Our team delivered end-to-end advisory services throughout the transaction, including business and financial planning, preparation of investor documents, engagement with potential investors, negotiation and evaluation of term sheets, support during due diligence, negotiating the investment agreements, and coordination of the signing and closing, and other deal related tasks.
“What I consider the greatest value is the way they guided us through the entire process, starting from the preparation phase. They maintained a very strong focus throughout and defined excellent decision points along the way. Being able to work with Absolvo is truly a value for the client – they only work with clients they can represent successfully towards investors. For a client, it is a major advantage in itself that Absolvo agrees to take on the engagement."
Richárd Basa • Founder, CEO of Oriana
The deal team
