About Springworks
Springworks is a company based in Santa Monica (United States) founded in 2014 by Kartik Mandaville. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Springworks has raised $1.3 million across 3 funding rounds from investors including Science, Wave Digital Assets and AlphaBlock. The company has 219 employees as of April 06, 2024. Springworks offers products and services including SpringVerify, EngageWith, SpringRecruit, SpringHire, and Albus. Springworks operates in a competitive market with competitors including Workday, Kronos, Darwinbox, People Strong and Paylocity, among others.
- Headquarter Santa Monica, United States
- Employees 219 as on 06 Apr, 2024
- Founders Kartik Mandaville
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Springrole India Private Limited
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$2.72 M (USD)46.03as on Mar 31, 2022
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Net Profit
$89.24 K (USD)-13.52as on Mar 31, 2022
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EBITDA
$154.94 K (USD)-39.67as on Mar 31, 2022
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Total Equity Funding
$1.3 M (USD)
in 3 rounds
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Latest Funding Round
$1.3 M (USD), Series A
May 14, 2018
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Investors
Science
& 6 more
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Employee Count
219
as on Apr 06, 2024
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Products & Services of Springworks
Springworks offers a comprehensive portfolio of products and services, including SpringVerify, EngageWith, SpringRecruit, SpringHire, and Albus. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Background verifications are conducted using blockchain technology reliably.
Employee engagement is enhanced through interactive team-building games.
Recruitment processes are streamlined with efficient staffing solutions.
Technology hiring is supported by full-stack staffing services.
AI teammate powered by ChatGPT assists with HR tasks.
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Funding Insights of Springworks
Springworks has successfully raised a total of $1.3M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $1.3 million completed in May 2018. 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 A — $1.3M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Series A - Springworks | Valuation | AlphaBlock , DNA |
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| Jun, 2014 | Amount | Seed - Springworks | Valuation | Science |
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| Jun, 2014 | Amount | Seed - Springworks | Valuation | Bloomberg Beta |
| 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 Springworks
Springworks has secured backing from 7 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Science, Wave Digital Assets and AlphaBlock. 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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No specific information about DNA Fund is provided.
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Founded Year | Domain | Location | |
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Investments are focused on mobile, marketplaces, blockchain, and e-commerce startups.
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Founded Year | Domain | Location | |
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Corporate backed venture capital firm focused on multiple 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 Springworks
| 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 - Springworks
| 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 |
Springworks Comparisons
Competitors of Springworks
Springworks 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 Workday, Kronos, Darwinbox, People Strong and Paylocity, 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 |
Cloud-based HR and financial software is delivered to enterprises.
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| domain | founded_year | HQ Location |
HCM software solutions for enterprise workforce management are provided.
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| domain | founded_year | HQ Location |
Human capital management platform is provided for HR process automation.
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| domain | founded_year | HQ Location |
Cloud-based human resource management software is offered.
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| domain | founded_year | HQ Location |
Cloud-based payroll and HR solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Cloud-based human capital management software is provided for enterprises.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Springworks
Frequently Asked Questions about Springworks
When was Springworks founded?
Springworks was founded in 2014.
Where is Springworks located?
Springworks is headquartered in Santa Monica, United States. It is registered at Santa Monica, California, United States.
Who is the current CEO of Springworks?
Kartik Mandaville is the current CEO of Springworks. They have also founded this company.
Is Springworks a funded company?
Springworks is a funded company, having raised a total of $1.3M across 3 funding rounds to date.
How many employees does Springworks have?
As of Apr 06, 2024, the latest employee count at Springworks is 219.
What is the annual revenue of Springworks?
Annual revenue of Springworks is $2.72M as on Mar 31, 2022.
What does Springworks do?
HR processes are streamlined by Springworks through innovative software solutions. Recruitment, onboarding, and employee engagement are made seamless and intelligent with a focus on empathy. Blockchain and machine learning technologies are utilized to enhance background verifications via SpringVerify. Interactive games and rewards platforms like EngageWith are offered to build workplace culture. Staffing and hiring solutions are provided through SpringRecruit and SpringHire, targeting technology sectors. The company serves over 20,000 clients globally, ensuring efficiency and reliability in HR operations.
Who are the top competitors of Springworks?
Springworks's top competitors include Workday, SuccessFactors and GreytHR.
What products or services does Springworks offer?
Springworks offers SpringVerify, EngageWith, SpringRecruit, SpringHire, and Albus.
Who are Springworks's investors?
Springworks has 7 investors. Key investors include Science, Wave Digital Assets, AlphaBlock, DNA Fund, and Win79.
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