About WorkTorch
WorkTorch is a company based in Chicago (United States) founded in 2020 by Angela Muhwezi Hall and Deborah Gladney.. WorkTorch has raised $3.61 million across 2 funding rounds from investors including Jobs for the Future, Mid America Angels and Tenzing Capital. WorkTorch offers products and services including WorkTorch Pathways and WorkTorch Grow. WorkTorch operates in a competitive market with competitors including Instawork, Jobandtalent, Wonolo, Awign and Traba, among others.
- Headquarter Chicago, United States
- Founders Angela Muhwezi Hall, Deborah Gladney
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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
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Net Profit
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EBITDA
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Total Equity Funding
$3.61 M (USD)
in 2 rounds
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Latest Funding Round
$2.2 M (USD), Seed
Nov 07, 2022
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Investors
Jobs for the Future
& 17 more
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Employee Count
Employee Count
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Products & Services of WorkTorch
WorkTorch offers a comprehensive portfolio of products and services, including WorkTorch Pathways and WorkTorch Grow. 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.
AI platform for tracking program progress and participant engagement.
Tool for organizational growth through customized learning pathways.
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Funding Insights of WorkTorch
WorkTorch has successfully raised a total of $3.61M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.2 million completed in November 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 2
- Last Round Seed — $2.2M
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First Round
First Round
(15 Nov 2021)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Seed - WorkTorch | Valuation | Tenzing Capital | |
| Nov, 2021 | Amount | Seed - WorkTorch | Valuation | MATH Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 WorkTorch
WorkTorch has secured backing from 18 investors, including venture fund and institutional investors. Prominent investors backing the company include Jobs for the Future, Mid America Angels and Tenzing Capital. 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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Founded Year | Domain | Location | |
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Early-stage tech startups are invested in across US and Canada.
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Founded Year | Domain | Location | |
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Seed & early stage tech focused micro VC investing in geographies such as the US
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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 WorkTorch
| 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 - WorkTorch
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Worktorch Comparisons
Competitors of WorkTorch
WorkTorch 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 Instawork, Jobandtalent, Wonolo, Awign and Traba, 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.
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|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based on-demand staffing platform for multi-industry
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| domain | founded_year | HQ Location |
On-demand staffing is enabled via a cloud-based matching platform.
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| domain | founded_year | HQ Location |
On-demand staffing platform is operated for job matching and shifts.
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| domain | founded_year | HQ Location |
On-demand internships are offered via a cloud-based platform across industries.
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| domain | founded_year | HQ Location |
Online platform for contract workforce recruitment
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| domain | founded_year | HQ Location |
Provider of workforce management platform for blue collar employee lifecycle 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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Frequently Asked Questions about WorkTorch
When was WorkTorch founded?
WorkTorch was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is WorkTorch located?
WorkTorch is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of WorkTorch?
Deborah Gladney is the current CEO of WorkTorch. They have also founded this company.
Is WorkTorch a funded company?
WorkTorch is a funded company, having raised a total of $3.61M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.41M, raised on Nov 15, 2021.
What does WorkTorch do?
WorkTorch was founded in 2020 in Chicago, United States, as an online job board platform serving multiple sectors such as retail, services, and hospitality. Vacancies are posted by employers, who can source candidates, track applicants, and automate scheduling processes. Candidates are allowed to browse and apply for roles based on experience and skills. The platform is accessible through downloads on Google Play and the Apple Store.
Who are the top competitors of WorkTorch?
WorkTorch's top competitors include Instawork, Jobandtalent and Wonolo.
What products or services does WorkTorch offer?
WorkTorch offers WorkTorch Pathways and WorkTorch Grow.
Who are WorkTorch's investors?
WorkTorch has 18 investors. Key investors include Jobs for the Future, Mid America Angels, Tenzing Capital, MATH Venture Partners, and Sandalphon Capital.