Channel Angels Invests In Rewst Robotic Process Automation for Small Business MSPs

Rewst develops a robotic process automation (RPA) software platform that allows MSPs to automate their businesses and customer interactions. Three Channel Angels members invested in the Rewst $2.5 million seed round.

Channel Angels member investment thesis: RPA software is one of the fastest-growing enterprise IT market segments. RPA software allows businesses to write code and bots that rapidly automate manual tasks across multiple departments — from IT service desks to HR, finance, customer support and more, according to ChannelE2E.

The global RPA software market is expected to reach $13.74 billion by 2028, up from $1.57 billion in 2020. The market’s compound annual growth rate from 2021 to 2028 is expected to be 32.8%, Grand View Research predicts, according to a ChannelE2E report.

However, no software company has effectively extended RPA software in the SMB and MSP business segments. Rewst is vowing to fill that void.