About WorkJam
WorkJam is a company based in Montreal (Canada) founded in 2014 by Dennis Kavelman, Bruce Taragin, Irwin Kramer, Joshua Ostrega, and Mark Sadegursky.. WorkJam has raised $167 million across 5 funding rounds from investors including Lerer Hippeau, Export Development Canada and Inovia Capital. The company has 248 employees as of December 31, 2024. WorkJam has completed 2 acquisitions, including JoinForge and Peerio. WorkJam offers products and services including Task Management, Shift Management, Employee Communication, and Employee Learning. WorkJam operates in a competitive market with competitors including Legion, Reflexis Systems, smartstaff, Harri and Work Market, among others.
- Headquarter Montreal, Canada
- Employees 248 as on 31 Dec, 2024
- Founders Dennis Kavelman, Bruce Taragin, Irwin Kramer, Joshua Ostrega, Mark Sadegursky
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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 Workjam 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
$167 M (USD)
in 5 rounds
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Latest Funding Round
$20 M (USD), Series D
Jul 31, 2024
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Investors
Lerer Hippeau
& 9 more
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Employee Count
248
as on Dec 31, 2024
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Investments & Acquisitions
JoinForge
& 1 more
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Products & Services of WorkJam
WorkJam offers a comprehensive portfolio of products and services, including Task Management, Shift Management, Employee Communication, and Employee Learning. 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.
System for assigning and tracking tasks in real-time for frontline teams.
Platform for flexible scheduling and shift swapping to optimize workforce.
Secure app for targeted messaging and information exchange among teams.
Mobile-based microlearning with quizzes to upskill frontline workers.
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Funding Insights of WorkJam
WorkJam has successfully raised a total of $167M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $20 million completed in July 2024. 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 5
- Last Round Series D — $20.0M
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First Round
First Round
(28 Feb 2017)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series D - WorkJam | Valuation | Export Development Canada |
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| Nov, 2022 | Amount | Series D - WorkJam | Valuation | Inovia Capital , Fonds de solidarite FTQ | |
| Aug, 2021 | Amount | Series C - WorkJam | Valuation | Silver Lake |
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| 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 WorkJam
WorkJam has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Lerer Hippeau, Export Development Canada and Inovia Capital. 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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Investments are made in early-stage technology companies by Inovia Capital.
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Founded Year | Domain | Location | |
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Venture capital firm focused on tech companies
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Founded Year | Domain | Location | |
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Venture capital firm investing in early and growth stage technology companies.
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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 WorkJam
WorkJam has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include JoinForge and Peerio. 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 |
|---|---|---|---|---|---|
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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A platform is operated for hiring shift-based local workers.
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2015 | ||||
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Mobile and web app for file sharing and communication.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - WorkJam
| 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 |
Workjam Comparisons
Competitors of WorkJam
WorkJam 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, Reflexis Systems, smartstaff, Harri and Work Market, 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 |
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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Latest news on Workjam
Frequently Asked Questions about WorkJam
When was WorkJam founded?
WorkJam was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is WorkJam located?
WorkJam is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Who is the current CEO of WorkJam?
Steven Kramer is the current CEO of WorkJam.
Is WorkJam a funded company?
WorkJam is a funded company, having raised a total of $167M across 5 funding rounds to date. The company's 1st funding round was a Series C of $35M, raised on Feb 28, 2017.
How many employees does WorkJam have?
As of Dec 31, 2024, the latest employee count at WorkJam is 248.
What does WorkJam do?
WorkJam was founded in 2014 in Montreal, Canada, where workforce management software for hourly employees is developed and deployed. Shift management, schedule automation based on availability, communication tools, employee training, and performance evaluation are included in the platform. Integration with on-demand hiring and recruitment is supported. Operations span industries including retail, healthcare, manufacturing, hospitality, and call centers, with collaboration enabled between managers and staff.
What products or services does WorkJam offer?
WorkJam offers Task Management, Shift Management, Employee Communication, and Employee Learning.
How many acquisitions has WorkJam made?
Who are WorkJam's investors?
WorkJam has 10 investors. Key investors include Lerer Hippeau, Export Development Canada, Inovia Capital, Demopolis Equity Partners, and Blumberg Capital.
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