About Workarea
Workarea is a company based in Philadelphia (United States) founded in 1994 was acquired by VTEX in February 2021.. Workarea has raised $12 million across 3 funding rounds from investors including VTEX, Horizon Tech Finance and Safeguard Scientifics. The company has 19 employees as of December 31, 2020. Workarea has completed 1 acquisition, including Orderbot. Workarea offers products and services including Commerce Cloud, Workarea Insights, and Site Planner. Workarea operates in a competitive market with competitors including Cart.com, Zubale, BigCommerce, Unicommerce and AnyMind Group, among others.
- Headquarter Philadelphia, United States
- Employees 19 as on 31 Dec, 2020
-
Sectors
Retail
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Weblinc Corp.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Workarea
Workarea offers a comprehensive portfolio of products and services, including Commerce Cloud, Workarea Insights, and Site Planner. 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.
Cloud-based solution for enterprise B2B and B2C sales
Provides data for optimizing shopping experiences
Tool for editing and scheduling storefront changes
Funding Insights of Workarea
Workarea has successfully raised a total of $12M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $6 million completed in August 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 — $6.0M
-
First Round
First Round
(25 Aug 2014)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2018 | Amount | Series A - Workarea | Valuation | Montage Capital , Partners For Growth |
|
| Aug, 2017 | Amount | Debt – Venture - Workarea | Valuation |
investors |
|
| Aug, 2014 | Amount | Series A - Workarea | Valuation | Safeguard Scientifics |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Workarea
Workarea has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include VTEX, Horizon Tech Finance and Safeguard Scientifics. 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 |
|---|---|---|---|---|
|
Venture capital and private equity firm focused on debt investments
|
Founded Year | Domain | Location | |
|
Private debt loans are extended by this firm to businesses.
|
Founded Year | Domain | Location | |
|
Structured debt is provided to life sciences and technology firms.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Workarea
Workarea has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Orderbot. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
B2B order management platform for manufacturers and distributors is provided.
|
2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Workarea
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Workarea Comparisons
Competitors of Workarea
Workarea 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 Cart.com, Zubale, BigCommerce, Unicommerce and AnyMind Group, 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 |
Software suite solutions are provided for e-commerce businesses.
|
|
| domain | founded_year | HQ Location |
Platform offering retail sales enablement and reward software
|
|
| domain | founded_year | HQ Location |
SaaS-based software suites for e-commerce operations are provided.
|
|
| domain | founded_year | HQ Location |
Provider of e-commerce enablement platform automating order processing, inventory, warehouse, and shipping
|
|
| domain | founded_year | HQ Location |
Platforms for e-commerce, marketing, and manufacturing are provided.
|
|
| domain | founded_year | HQ Location |
Software suite solutions are provided for brands and e-commerce businesses.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Workarea
Frequently Asked Questions about Workarea
When was Workarea founded?
Workarea was founded in 1994 and raised its 1st funding round 20 years after it was founded.
Where is Workarea located?
Workarea is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Is Workarea a funded company?
Workarea is a funded company, having raised a total of $12M across 3 funding rounds to date. The company's 1st funding round was a Series A of $6M, raised on Aug 25, 2014.
How many employees does Workarea have?
As of Dec 31, 2020, the latest employee count at Workarea is 19.
What does Workarea do?
Workarea was founded in 1994 in Philadelphia, United States, and operates in the e-commerce software sector. Cloud-based solutions are provided to e-tailers for developing online stores, incorporating features like payment gateways, order and inventory management, CRM, PIM, marketing tools, reporting, and analytics. Operations focus on enabling scalable digital retail platforms, with clients including Reformation, Rens Pets, and Lonely Planet.
Who are the top competitors of Workarea?
Workarea's top competitors include CommerceIQ, Global-e and Cart.com.
What products or services does Workarea offer?
Workarea offers Commerce Cloud, Workarea Insights, and Site Planner.
How many acquisitions has Workarea made?
Workarea has made 1 acquisition, including Orderbot.
Who are Workarea's investors?
Workarea has 5 investors. Key investors include VTEX, Horizon Tech Finance, Safeguard Scientifics, Montage Capital, and Partners For Growth.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.