About Worksome
Worksome is a company based in Copenhagen (Denmark) founded in 2017 by Mathias Linnemann, Hans Peter Nielsen, Christina Brun Petersen, and Morten Petersen.. Worksome has raised $37.73 million across 13 funding rounds from investors including Tommy Ahlers and Lind & Risør. The company has 31 employees as of November 30, 2024. Worksome offers products and services including Omni-Channel Sourcing, Compliance & Contracting, Payments, and Data & Reporting. Worksome operates in a competitive market with competitors including Deel, Globalization Partners, Velocity Global, Multiplier and WorkMotion, among others.
- Headquarter Copenhagen, Denmark
- Employees 31 as on 30 Nov, 2024
- Founders Mathias Linnemann, Hans Peter Nielsen, Christina Brun Petersen, Morten Petersen
- Stage Minicorn
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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
*********
- Legal Name Worksome Aps
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Annual Revenue
$105.52 M (USD)350as on Dec 31, 2021
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Net Profit
$-5.34 M (USD)-158as on Dec 31, 2021
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EBITDA
$-6.09 M (USD)-139as on Dec 31, 2021
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Total Equity Funding
$37.73 M (USD)
in 13 rounds
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Latest Funding Round
$13 M (USD), Series A
May 14, 2021
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Investors
Lind & Risør
& 1 more
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Employee Count
31
as on Nov 30, 2024
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Products & Services of Worksome
Worksome offers a comprehensive portfolio of products and services, including Omni-Channel Sourcing, Compliance & Contracting, Payments, and Data & Reporting. 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.
Platform for accessing and hiring global freelance talent quickly
System for instant worker classification and contract generation
Secure platform for fast invoicing and global payments to contractors
Tools for workforce visibility and cost tracking in real time
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Funding Insights of Worksome
Worksome has successfully raised a total of $37.73M across 13 strategic funding rounds. The most recent funding activity was a Series A round of $13 million completed in May 2021. 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 13
- Last Round Series A — $13.0M
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First Round
First Round
(23 Mar 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Series A - Worksome | Valuation |
investors |
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| Apr, 2021 | Amount | Seed - Worksome | Valuation |
investors |
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| Mar, 2021 | Amount | Series A - Worksome | Valuation |
investors |
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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 Worksome
Worksome has secured backing from 2 investors, including angel and institutional investors. Prominent investors backing the company include Tommy Ahlers and Lind & Risør. 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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Lind & Risør A/S is engaged in custom home building and architectural design.
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Founded Year | Domain | Location | |
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TA
Tommy Ahlers |
Danish entrepreneur, angel investor, ex-Minister, active in Indian startup ecosystem
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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 Worksome
| 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 - Worksome
| 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 |
Worksome Comparisons
Competitors of Worksome
Worksome 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 WorkMotion, 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 |
Cloud-based HRMS platform for hiring, payroll, and onboarding is provided.
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| domain | founded_year | HQ Location |
Cloud-based tools for contingent workforce management are offered.
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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 Worksome
Frequently Asked Questions about Worksome
When was Worksome founded?
Worksome was founded in 2017.
Where is Worksome located?
Worksome is headquartered in Copenhagen, Denmark.
Who is the current CEO of Worksome?
Morten Petersen is the current CEO of Worksome. They have also founded this company.
Is Worksome a funded company?
Worksome is a funded company, having raised a total of $37.73M across 13 funding rounds to date. The company's 1st funding round was a Series A of $6.31M, raised on Mar 23, 2017.
How many employees does Worksome have?
As of Nov 30, 2024, the latest employee count at Worksome is 31.
What is the annual revenue of Worksome?
Annual revenue of Worksome is $105.52M as on Dec 31, 2021.
What does Worksome do?
Worksome was founded in 2017 in Copenhagen, Denmark, as a platform in the HR technology sector focused on external workforce solutions. End-to-end processes for hiring freelancers are supported, including job post creation, bid comparisons, and selections from a pre-screened marketplace. Compliant contract management and payroll services are also provided to ensure operational efficiency across operations.
Who are the top competitors of Worksome?
Worksome's top competitors include Deel, Globalization Partners and Velocity Global.
What products or services does Worksome offer?
Worksome offers Omni-Channel Sourcing, Compliance & Contracting, Payments, and Data & Reporting.
Who are Worksome's investors?
Worksome has 2 investors. Key investors include Tommy Ahlers, and Lind & Risør.
What is Worksome's valuation?
The valuation of Worksome is $139.17M as of May 2021.