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. 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.
Manages employee contracts and compliance for global hires.
Handles cross-border payroll and expense tracking securely.
Facilitates quick and compliant employee onboarding processes.
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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $40.0M
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First Round
First Round
(10 Aug 2021)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Debt – Conventional - WorkMotion | Valuation |
investors |
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| Jun, 2022 | Amount | Series B - WorkMotion | Valuation | Canaan , GR Capital | |
| Aug, 2021 | Amount | Series A - WorkMotion | Valuation | Activant Capital , XAnge |
| 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 WorkMotion
WorkMotion has secured backing from 9 investors, including venture fund and angel investors. Prominent investors backing the company include Canaan, Heliad and XAnge. 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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Canaan is recognized as an early-stage venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital fund focused on tech companies
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Founded Year | Domain | Location | |
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Venture capital firm focused on early stage healthcare, renewable energy, real estate, finance, and multiple businesses
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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 WorkMotion
| 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 |
Financial Statements - WorkMotion
| 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 |
Workmotion Comparisons
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. 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 |
Cloud-based HRMS solutions are delivered for enterprise compliance and payroll.
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| domain | founded_year | HQ Location |
Global teams are hired via AI platform without subsidiaries.
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| domain | founded_year | HQ Location |
Cloud-based HRMS platform is provided for enterprise workforce management.
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| domain | founded_year | HQ Location |
Cloud-based SaaS management solutions are offered by Multiplier.
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| domain | founded_year | HQ Location |
Hiring, contracts, and payroll are automated for external workforce management.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Workmotion
Frequently Asked Questions about WorkMotion
When was WorkMotion founded?
WorkMotion was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is WorkMotion located?
WorkMotion is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Is WorkMotion a funded company?
WorkMotion is a funded company, having raised a total of $64M across 3 funding rounds to date. The company's 1st funding round was a Series A of $24M, raised on Aug 10, 2021.
How many employees does WorkMotion have?
As of Mar 28, 2024, the latest employee count at WorkMotion is 42.
What is the annual revenue of WorkMotion?
Annual revenue of WorkMotion is $1.33M as on Mar 31, 2023.
What does WorkMotion do?
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.
Who are the top competitors of WorkMotion?
WorkMotion's top competitors include Deel, Globalization Partners and Velocity Global.
What products or services does WorkMotion offer?
WorkMotion offers Employer of Record, Global Payroll, and Onboarding Tools.
Who are WorkMotion's investors?
WorkMotion has 9 investors. Key investors include Canaan, Heliad, XAnge, Picus Capital, and GR Capital.