About Workfellow
Workfellow is a company based in Espoo (Finland) founded in 2020 was acquired by ProcessMaker in April 2024.. Workfellow has raised $3.12 million across 1 funding round from investors including ProcessMaker, OpenOcean and Icebreaker.vc. Workfellow operates in a competitive market with competitors including Palantir, Box, Appian, Quantexa and Talend, among others.
- Headquarter Espoo, Finland
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.12 M (USD)
in 1 rounds
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Latest Funding Round
$3.12 M (USD), Series A
Dec 20, 2021
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Investors
ProcessMaker
& 4 more
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Employee Count
Employee Count
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Acquired by
ProcessMaker
(Apr 09, 2024)
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Funding Insights of Workfellow
Workfellow has successfully raised a total of $3.12M through 1 strategic funding round. The most recent funding activity was a Series A round of $3.12 million completed in December 2021. 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 1
- Last Round Series A — $3.1M
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First Round
First Round
(20 Dec 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series A - Workfellow | Valuation | OpenOcean |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 Workfellow
Workfellow has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include ProcessMaker, OpenOcean and Icebreaker.vc. 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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Multiple sectors are invested in by OpenOcean venture capital fund.
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Founded Year | Domain | Location | |
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Seed and early-stage tech investments are targeted in Finland.
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Founded Year | Domain | Location | |
|
KS
Kulpreet Singh |
Angel investor and entrepreneur, focused on tech startups in India.
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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 Workfellow
| 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.
|
2016 |
Financial Statements - Workfellow
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Workfellow Comparisons
Competitors of Workfellow
Workfellow 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 Palantir, Box, Appian, Quantexa and Talend, 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.
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|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform that provides data analysis and management solutions
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AI-based platform for secure collaboration and content management is utilized.
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Cloud-based low-code platform enables application development and automation.
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AI-powered data and decision intelligence solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Data management platform for integration, quality, and governance is provided.
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| domain | founded_year | HQ Location |
Cleo is recognized for providing supply chain integration solutions.
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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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Latest news on Workfellow
Frequently Asked Questions about Workfellow
When was Workfellow founded?
Workfellow was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Workfellow located?
Workfellow is headquartered in Espoo, Finland.
Is Workfellow a funded company?
Workfellow is a funded company, having raised a total of $3.12M across 1 funding round to date. The company's 1st funding round was a Series A of $3.12M, raised on Dec 20, 2021.
What does Workfellow do?
AI based workflow automation software. The features of the solutions include data discovery, data integration, data insights, data mining, process mining and knowledge work analytics. It also provides task analytics, robotic process automation, business processes, process excellence, advanced analytics and enterprise analytics.
Who are the top competitors of Workfellow?
Who are Workfellow's investors?
Workfellow has 5 investors. Key investors include ProcessMaker, OpenOcean, Icebreaker.vc, Kulpreet Singh, and Kedar Dani.
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