About Workstream
Workstream is a company based in San Francisco (United States) founded in 2017 by Ruoyu Max Wang, Desmond Lim, and Lei Xu. It operates as a SaaS (Software-as-a-Service). Workstream has raised $118 million across 3 funding rounds from investors including Nationwide, Gold House and Hans Tung. Workstream offers products and services including Hiring Platform, Payroll Solution, and Time & Scheduling. Workstream operates in a competitive market with competitors including Fountain, HourWork, Contra, HireArt and Jeevitam, among others.
- Headquarter San Francisco, United States
- Founders Ruoyu Max Wang, Desmond Lim, Lei Xu
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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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Annual Revenue
Not available
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Net Profit
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EBITDA
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Total Equity Funding
$118 M (USD)
in 3 rounds
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Latest Funding Round
$60 M (USD), Series B
Sep 29, 2022
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Investors
Nationwide
& 39 more
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Employee Count
Not available
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Products & Services of Workstream
Workstream offers a comprehensive portfolio of products and services, including Hiring Platform, Payroll Solution, and Time & Scheduling.
Hiring processes are streamlined for hourly workforce recruitment.
Payroll management is simplified for hourly employee payments.
Scheduling and time tracking are optimized for efficiency.
People of Workstream
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Funding Insights of Workstream
Workstream has successfully raised a total of $118M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $60 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.
Investors in Workstream
Workstream has secured backing from 40 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Nationwide, Gold House and Hans Tung.
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Venture capital investments in technology and defense sectors.
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Early-stage technology investments are managed by Basis Set Ventures.
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Investor details for Workstream
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Investments & Acquisitions by Workstream
Investment portfolio details for Workstream
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Financial Statements - Workstream
Detailed financials for Workstream
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Workstream Comparisons
Peer comparison for Workstream
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Competitors of Workstream
Workstream 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 Fountain, HourWork, Contra, HireArt and Jeevitam, among others.
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Users are connected to local experts via a chat-based app.
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Cloud-based platform for contract workforce recruitment
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A professional network for future jobs and skills is offered.
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Job applicants are pre-screened via online interviews simulating real roles.
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Blue-collar candidates are matched to employer jobs via algorithms.
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Detailed competitors of Workstream
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Latest news on Workstream
Complete news archive for Workstream
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Frequently Asked Questions about Workstream
Workstream was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Workstream is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Desmond Lim is the current CEO of Workstream. They have also founded this company.
Workstream is a funded company, having raised a total of $118M across 3 funding rounds to date.
Workstream is established as a comprehensive HR, payroll, and hiring platform tailored for the hourly workforce. Operations are streamlined through smart technology, enabling franchise and business owners to reduce labor costs and simplify tasks. Solutions are provided for industries such as restaurants, hospitality, automotive, healthcare, manufacturing, warehousing, and retail. Compliance with labor laws, scheduling, onboarding, and employee engagement are supported through integrated tools and AI-driven features like VoiceAI. Trusted by major quick-service restaurant brands, the platform ensures efficiency across multiple locations.
Workstream offers Hiring Platform, Payroll Solution, and Time & Scheduling.
Workstream has 40 investors. Key investors include Nationwide, Gold House, Hans Tung, Founders Fund, and Coatue.