About WorkMotion
WorkMotion is a company based in Berlin (Germany) founded in 2020 by Karim Zaghloul, Felix Steffens, and Carsten Lebtig. WorkMotion has raised $64 million across 3 funding rounds from investors including Canaan, Heliad and XAnge. The company has 42 employees as of March 28, 2024. WorkMotion offers products and services including Employer of Record, Global Payroll, and Onboarding Tools. WorkMotion operates in a competitive market with competitors including Deel, Globalization Partners, Velocity Global, Multiplier and Worksome, among others.
- Headquarter Berlin, Germany
- Employees 42 as on 28 Mar, 2024
- Founders Karim Zaghloul, Felix Steffens, Carsten Lebtig
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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 Workmotion India Private Limited
- Date of Incorporation 15 Feb, 2022
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$1.33 M (USD)0as on Mar 31, 2023
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Net Profit
$32.69 K (USD)0as on Mar 31, 2023
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EBITDA
$46.49 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$64 M (USD)
in 3 rounds
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Latest Funding Round
$40 M (USD), Series B
Jun 23, 2022
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Investors
Canaan
& 8 more
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Employee Count
42
as on Mar 28, 2024
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Products & Services of WorkMotion
WorkMotion offers a comprehensive portfolio of products and services, including Employer of Record, Global Payroll, and Onboarding Tools.
Manages employee contracts and compliance for global hires.
Handles cross-border payroll and expense tracking securely.
Facilitates quick and compliant employee onboarding processes.
People of WorkMotion
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Funding Insights of WorkMotion
WorkMotion has successfully raised a total of $64M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $40 million completed in June 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.
Investors in WorkMotion
WorkMotion has secured backing from 9 investors, including venture fund and angel investors. Prominent investors backing the company include Canaan, Heliad and XAnge.
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Canaan is recognized as an early-stage venture capital firm.
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Venture capital fund focused on tech companies
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Venture capital firm focused on early stage healthcare, renewable energy, real estate, finance, and multiple businesses
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Investor details for WorkMotion
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Investments & Acquisitions by WorkMotion
Investment portfolio details for WorkMotion
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Financial Statements - WorkMotion
Detailed financials for WorkMotion
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Workmotion Comparisons
Peer comparison for WorkMotion
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Competitors of WorkMotion
WorkMotion 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 Deel, Globalization Partners, Velocity Global, Multiplier and Worksome, among others.
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Cloud-based HRMS solutions are delivered for enterprise compliance and payroll.
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Global teams are hired via AI platform without subsidiaries.
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Cloud-based HRMS platform is provided for enterprise workforce management.
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Cloud-based SaaS management solutions are offered by Multiplier.
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Hiring, contracts, and payroll are automated for external workforce management.
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Detailed competitors of WorkMotion
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Latest news on Workmotion
Complete news archive for WorkMotion
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Frequently Asked Questions about WorkMotion
WorkMotion was founded in 2020 and raised its 1st funding round 1 year after it was founded.
WorkMotion is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
WorkMotion is a funded company, having raised a total of $64M across 3 funding rounds to date.
As of Mar 28, 2024, the latest employee count at WorkMotion is 42.
Annual revenue of WorkMotion is $1.33M as on Mar 31, 2023.
WorkMotion was founded in 2020 in Berlin, Germany, as a cloud-based platform in the HR technology sector. Employee hiring, payroll management, benefits administration, and onboarding processes are handled through the suite. Tools for employment contracts, international labor law compliance, and tax handling are also included. Operations focus on global HR needs, with revenue generated via subscription plans.
WorkMotion's top competitors include Deel, Globalization Partners and Velocity Global.
WorkMotion offers Employer of Record, Global Payroll, and Onboarding Tools.
WorkMotion has 9 investors. Key investors include Canaan, Heliad, XAnge, Picus Capital, and GR Capital.