About WorkRex
WorkRex is a company based in Melbourne (Australia) founded in 2023 by Lance Qian, Myron Liu, and Jing Chen.. WorkRex has raised $220 thousand across 1 funding round from investors including Skalata. WorkRex operates in a competitive market with competitors including GrowthLoop, Velvet, Xinlueshuzhi, BizMachine and Neuralift AI, among others.
- Headquarter Melbourne, Australia
- Founders Lance Qian, Myron Liu, Jing Chen
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Sectors
Technology
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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
$220 K (USD)
in 1 rounds
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Latest Funding Round
$220 K (USD), Seed
Apr 23, 2024
- Investors
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Employee Count
Employee Count
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Funding Insights of WorkRex
WorkRex has successfully raised a total of $220K through 1 strategic funding round. The most recent funding activity was a Seed round of $220 thousand completed in April 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 1
- Last Round Seed — $220,000
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First Round
First Round
(23 Apr 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Seed - WorkRex | Valuation |
investors |
| 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 WorkRex
WorkRex has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Skalata. 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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Venture capital firm providing investment and support to pre-seed founders in Australia.
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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 WorkRex
| 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 - WorkRex
| 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 |
Workrex Comparisons
Competitors of WorkRex
WorkRex 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 GrowthLoop, Velvet, Xinlueshuzhi, BizMachine and Neuralift AI, 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 |
Customer data platform for businesses
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| domain | founded_year | HQ Location |
Velvet is integrated into Arize for AI platform solutions.
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| domain | founded_year | HQ Location |
Customer segmentation solutions are provided via a cloud-based platform.
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| domain | founded_year | HQ Location |
Provides database and tools for B2B sales, marketing, and customer management.
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| domain | founded_year | HQ Location |
AI-based platform using data to segment customers and audiences for marketing optimization
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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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Frequently Asked Questions about WorkRex
When was WorkRex founded?
WorkRex was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is WorkRex located?
WorkRex is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
Is WorkRex a funded company?
WorkRex is a funded company, having raised a total of $220K across 1 funding round to date. The company's 1st funding round was a Seed of $220K, raised on Apr 23, 2024.
What does WorkRex do?
WorkRex was founded in 2023 in Melbourne, Australia, as a customer engagement platform in the technology sector. Businesses are enabled to segment customers based on real data, design and launch targeted campaigns, and analyze responses for ROI calculations. Ideas are shortlisted, and total revenue opportunities are assessed. Operations focus on data strategies to support customer interactions across various industries.
Who are the top competitors of WorkRex?
WorkRex's top competitors include GrowthLoop, Velvet and Xinlueshuzhi.
Who are WorkRex's investors?
WorkRex has 1 investor. Key investors include Skalata.
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