About Workmate
Workmate is a Technology company based in Singapore (Singapore) founded in 2016, and was acquired by PERSOL in October 2022. Cloud-based platform is utilized for contingent workforce management. Workmate has raised $10.7 million across 4 funding rounds from investors including Wavemaker Partners, PERSOL and Lendable. Its focus areas include Enterprise Applications, HRTech, Contingent Workforce Management and Suite. Its legal entity is HELPSTER PTE. LTD.
Company details
Cloud-based suite solutions for contingent workforce management. The platform allows the recruiters to create a profile and post jobs by mentioning skills and experience and based on the skills the workers are screened, interviewed and also provide the employer to manage the workforce through the platform to schedule workforce, timesheet management, payroll management, attendance tracking, workforce analytics, etc. The companies using the product are Redbus, Ninja Xpress, JD Central, Krishna, Grab, Electronic City, etc.
- Headquarters Singapore, Singapore
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Website workmate.asia
- Social LinkedIn X
- Acquired by PERSOL (Oct 2022)
- Legal Name Helpster Pte. Ltd.
- Annual Revenue$5.6 M (USD)91as on Dec 31, 2019
- Net Profit-$2.46 M (USD)-35as on Dec 31, 2019
- Total Equity Funding$10.7M (USD)
in 4 rounds
- Latest Funding Round$3M (USD), Series A
Sep 2022
- InvestorsWavemaker Partners
& 6 more
- Acquired byPERSOL
(Oct 2022)
Funding Insights of Workmate
Workmate has successfully raised a total of $10.7M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $3 million completed in September 2022. 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 $10.7M
- Total Rounds 4
- Last Round Series A — $3M
- First Round $2.5M
(Jun 2017)
- Investors Count 6
All 4 funding rounds of Workmate with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2022 | $3M | Series A | – | SEEDS Capital | |
| Jul 2021 | $10M | Debt – Conventional | – | – | |
| Nov 2019 | $5.2M | Series A | – | Atlas Ventures | |
| Jun 2017 | $2.5M | Seed | – | Wavemaker Partners | – |
7 investors in total: 7 institutional.
Investors in Workmate
Workmate has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Wavemaker Partners, PERSOL and Lendable.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in early-stage technology companies are made by Wavemaker Partners. | 2003 | wavemaker.vc | Los Angeles, United States | |
Government-backed fund investing in tech startups | seedscapital.sg | Singapore, Singapore | ||
Early-growth stage tech and offline focused VC investing in geographies such as Asia | beaconvc.fund | Bangkok, Thailand | ||
Venture capital firm investing in early-stage tech startups | gobi.vc | Kuala Lumpur, Malaysia | ||
Early-stage VC firm focused on fast-growing sectors | atlas.ventures | Singapore, Singapore | ||
Working capital loans are provided to businesses by Lendable. | 2015 | lendable.io | New York, United States | |
Diversified operations are maintained across multiple industries worldwide. | 1973 | persol-group.co.jp | Shibuya, Japan |
Investor details for Workmate
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Workmate
5 people are tracked at Workmate (1 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
Martin Sørensen | CEO, Thailand | Leadership |
Tawika Robertson | Accounting Manager | Team |
Febryan Arfi | Finance & Accounting Manager | Team |
Hisam Fahri | Product & Engineering | Team |
Nitin Bharathy | Product Manager | Team |
Complete people profiles for Workmate
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Workmate
4 dated milestones of Workmate across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Workmate is founded.
- Funding First funding round of $2.5M.
- Funding Latest funding round, Series A, of $3.0M.
- Exit Acquired by PERSOL.
Web traffic of Workmate
Websites that share an audience with Workmate (workmate.asia).
Websites whose visitors overlap most with Workmate. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| dittothailand.com | 100% | 14K | #1,915,996 | View details | |
| hadirr.com | 100% | 120.9K | #320,502 | View details |
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Frequently Asked Questions about Workmate
Workmate was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Workmate is headquartered in Singapore, Singapore.
Workmate is a funded company, having raised a total of $10.7M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Jun 2017.
Annual revenue of Workmate is $5.6M as on Dec 31, 2019.
Cloud-based suite solutions for contingent workforce management. The platform allows the recruiters to create a profile and post jobs by mentioning skills and experience and based on the skills the workers are screened, interviewed and also provide the employer to manage the workforce through the platform to schedule workforce, timesheet management, payroll management, attendance tracking, workforce analytics, etc. The companies using the product are Redbus, Ninja Xpress, JD Central, Krishna, Grab, Electronic City, etc.
Workmate has 7 investors. Key investors include Wavemaker Partners, PERSOL, Lendable, SEEDS Capital, and Beacon VC.
Workmate operates through Helpster Pte. Ltd..
Yes. Workmate was acquired by PERSOL in October 2022.