WorkCation
About WorkCation
WorkCation is a company based in Los Angeles (United States) founded in 2022 by Avan Mehir and Samar Sherbaji.. WorkCation has raised $1.15 million across 2 funding rounds from investors including FasterCapital, Lema Hasan and Wasim Malik.
- Headquarter Los Angeles, United States
- Founders Avan Mehir, Samar Sherbaji
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Sectors
Travel & Hospitality
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Phone
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.15 M (USD)
in 2 rounds
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Latest Funding Round
$1.15 M (USD), Angel Round
Jan 09, 2023
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Investors
FasterCapital
& 2 more
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Employee Count
Employee Count
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Funding Insights of WorkCation
WorkCation has successfully raised a total of $1.15M across 2 strategic funding rounds. The most recent funding activity was a Angel Round round of $1.15 million completed in January 2023. 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 2
- Last Round Angel Round — $1.1M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Angel Round - WorkCation | Valuation |
investors |
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| Oct, 2022 | Amount | Seed - WorkCation | 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 WorkCation
WorkCation has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include FasterCapital, Lema Hasan and Wasim Malik. 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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Venture building, startup incubation, and funding services are provided by FasterCapital.
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Founded Year | Domain | Location | |
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LH
Lema Hasan |
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Founded Year | Domain | Location |
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WM
Wasim Malik |
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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 WorkCation
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - WorkCation
| 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 |
Workcation Comparisons
Competitors of WorkCation
| 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 WorkCation
When was WorkCation founded?
WorkCation was founded in 2022.
Where is WorkCation located?
WorkCation is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is WorkCation a funded company?
WorkCation is a funded company, having raised a total of $1.15M across 2 funding rounds to date.
What does WorkCation do?
WorkCation was founded in 2022 in Los Angeles, United States, as an online platform in the travel and accommodation sector. Accommodations are booked by users through the submission of payment details, personal information, preferred dates, and additional preferences. The service targets working professionals seeking vacation rentals, with operations centered on facilitating secure and straightforward reservations in various locations.
Who are WorkCation's investors?
WorkCation has 3 investors. Key investors include FasterCapital, Lema Hasan, and Wasim Malik.
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