Total amount raised
$230.6 Millions
Latest funding date
Location
Title
Workday has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform integrates HR, finance, planning, and spend management solutions.
Keep reading to explore the intricacies of Workday's fundraising journey and the investors backing this comprehensive platform.
What Is Workday?
Workday, founded in 2005, is a leading provider of enterprise cloud applications for finance, HR, and planning. The company was established by Dave Duffield and Aneel Bhusri in Pleasanton, California. With a global presence, Workday employs over 12,000 people, offering solutions that integrate HR and finance to help businesses manage their operations efficiently.
How Much Funding Has Workday Raised?
- Series A
- Amount Raised: $15M
- Date: May 2005
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop and launch the platform.
- Series A
- Amount Raised: $15.3M
- Date: Dec 2006
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series B
- Amount Raised: $20M
- Date: Jan 2007
- Lead Investors: Greylock
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Series B
- Amount Raised: $20.3M
- Date: Sep 2007
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support market expansion and customer acquisition.
- Series E
- Amount Raised: $75M
- Date: Apr 2009
- Lead Investors: New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand into new markets.
- Series F
- Amount Raised: $85M
- Date: Oct 2011
- Lead Investors: Bezos Expeditions, Janus Capital Group, Morgan Stanley, T. Rowe Price
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product capabilities and drive global expansion.
Workday has raised a total of $230.6M. The current valuation is not publicly disclosed.
Key Investors
Workday has attracted several prominent investors over its various funding rounds. Here are some of the key investors:
- Bezos Expeditions
- Details: Bezos Expeditions is the personal investment company of Jeff Bezos, the founder of Amazon. It focuses on long-term investments in various sectors.
- Investment Focus Areas: Technology, space exploration, healthcare.
- Notable Investments: Twitter, Blue Origin, Airbnb.
- Janus Capital Group
- Details: Janus Capital Group is a global investment firm that provides growth and risk management solutions. It is known for its active management approach.
- Investment Focus Areas: Financial services, technology, healthcare.
- Notable Investments: Amazon, Google, Facebook.
- Morgan Stanley
- Details: Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management, and investment management services.
- Investment Focus Areas: Financial services, technology, real estate.
- Notable Investments: Uber, Airbnb, Alibaba.
- T. Rowe Price
- Details: T. Rowe Price is a global investment management firm dedicated to helping clients achieve their long-term financial goals. It offers a broad range of mutual funds and other investment products.
- Investment Focus Areas: Technology, healthcare, consumer goods.
- Notable Investments: Tesla, Netflix, Amazon.
- New Enterprise Associates
- Details: New Enterprise Associates (NEA) is a global venture capital firm that invests in technology and healthcare companies at all stages of growth.
- Investment Focus Areas: Technology, healthcare, energy.
- Notable Investments: Coursera, Robinhood, 23andMe.
What's Next for Workday?
Workday stands at the cusp of significant opportunities, particularly in the realm of artificial intelligence and machine learning. As businesses increasingly seek to automate and optimize their operations, Workday's advanced analytics and AI-driven insights can play a pivotal role. This potential for growth is immense, given the rising demand for intelligent enterprise solutions.
To capitalize on these opportunities, Workday may explore additional fundraising rounds. These funds could be directed towards enhancing their AI capabilities and expanding their market reach. However, the path forward is not without challenges. The competitive landscape in enterprise software is fierce, and maintaining innovation while scaling operations will be crucial for sustained success.
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