About OnForce
OnForce is a company based in Lexington (United States) founded in 2003 was acquired by Work Market in August 2017.. OnForce has raised $26.75 million across 3 funding rounds from investors including Accel, Work Market and Beeline. The company has 15 employees as of December 31, 2018. OnForce operates in a competitive market with competitors including Legion, WorkJam, Reflexis Systems, smartstaff and Harri, among others.
- Headquarter Lexington, United States
- Employees 15 as on 31 Dec, 2018
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Onforce Solar, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$26.75 M (USD)
in 3 rounds
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Latest Funding Round
$5 M (USD), Series B
Nov 03, 2011
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Investors
Accel
& 4 more
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Employee Count
15
as on Dec 31, 2018
- Acquired by
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Funding Insights of OnForce
OnForce has successfully raised a total of $26.75M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $5 million completed in November 2011. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $5.0M
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First Round
First Round
(12 Jan 2006)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2011 | Amount | Series B - OnForce | Valuation |
investors |
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| Sep, 2007 | Amount | Series A - OnForce | Valuation |
investors |
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| Jan, 2006 | Amount | Series A - OnForce | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in OnForce
OnForce has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Accel, Work Market and Beeline. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Tech-focused Venture debt firm providing debt finacing in the US and Europe
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by OnForce
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - OnForce
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Onforce Comparisons
Competitors of OnForce
OnForce operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Legion, WorkJam, Reflexis Systems, smartstaff and Harri, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Workforce management solutions are provided through intelligent automation technology.
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| domain | founded_year | HQ Location |
Hourly workforce schedules and communications are managed via software.
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| domain | founded_year | HQ Location |
AI-based workforce management software is offered for diverse industries.
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| domain | founded_year | HQ Location |
Provider of workforce management platform for blue collar employee lifecycle management
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| domain | founded_year | HQ Location |
Recruitment and workforce management are offered for hospitality.
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| domain | founded_year | HQ Location |
Freelance management, payments, and reporting are facilitated by AI software.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about OnForce
When was OnForce founded?
OnForce was founded in 2003 and raised its 1st funding round 3 years after it was founded.
Where is OnForce located?
OnForce is headquartered in Lexington, United States. It is registered at Lexington, Kentucky, United States.
Is OnForce a funded company?
OnForce is a funded company, having raised a total of $26.75M across 3 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Jan 12, 2006.
How many employees does OnForce have?
As of Dec 31, 2018, the latest employee count at OnForce is 15.
What does OnForce do?
OnForce was founded in 2003 in Lexington, United States, as an online platform in the human resources and technology sectors. Enterprise companies are enabled to search for, negotiate with, and engage non-employee professionals, while contractors manage profiles, rates, and engagements. Field services are supported in IT and consumer electronics, including computers, networking, and cabling. In 2014, acquisition by Adecco S.A. occurred, with integration into Beeline.
Who are the top competitors of OnForce?
Who are OnForce's investors?
OnForce has 5 investors. Key investors include Accel, Work Market, Beeline, North Atlantic Capital, and General Catalyst.
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