Total amount raised
$131.5 Millions
Latest funding date
Location
Workhuman has successfully raised significant funding through multiple rounds, with notable investors such as Intermediate Capital Group and Kepha Partners. The company specializes in Social Recognition® and Continuous Performance Management platforms, offering tools that enhance employee engagement and company culture.
Keep reading to explore the intricacies of Workhuman's fundraising journey and the investors backing this innovative platform.
What Is Workhuman?
Workhuman, founded in 1999, is a prominent player in the Human Resources and SaaS industries. Headquartered in Dublin, Ireland, the company was established by Eric Mosley.
Specializing in Social Recognition® and Continuous Performance Management, Workhuman employs between 1001 and 5000 people. The company is renowned for its innovative software solutions that enhance employee engagement and corporate culture.
How Much Funding Has Workhuman Raised?
- Series A
- Amount Raised: Not publicly disclosed
- Date: January 2002
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure initial capital for product development and market entry.
- Series B
- Amount Raised: $9.3M
- Date: October 2004
- Lead Investors: Atlas Venture
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance product offerings.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2006
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and operational scaling.
- Secondary Market
- Amount Raised: €108M
- Date: June 2020
- Lead Investors: Intermediate Capital Group
- Valuation at Round: $1.2 billion
- Motivation Behind the Round: To welcome strategic investors and provide liquidity to early supporters.
Total Amount Raised: $9.3M + €108M
Current Valuation: $1.2 billion
Key Investors
- Intermediate Capital Group
- Details: Intermediate Capital Group (ICG) is a London-based alternative asset manager. They acquired a minority stake in Workhuman from existing shareholders.
- Investment Focus Areas: Private equity, credit, investment solutions
- Notable Investments: Not publicly disclosed
- Kepha Partners
- Details: Kepha Partners is a venture capital firm that focuses on early-stage investments. They are known for their hands-on approach in helping startups grow.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Not publicly disclosed
- Atlas Venture
- Details: Atlas Venture is a venture capital firm that invests in early-stage biotech companies. They have a strong presence in the life sciences sector.
- Investment Focus Areas: Biotech, life sciences, healthcare
- Notable Investments: Not publicly disclosed
What's Next for Workhuman?
Workhuman stands at the cusp of significant growth opportunities, driven by the increasing demand for employee engagement and performance management solutions. With a platform already utilized by over 5 million employees across 160 countries, the potential for expansion into new markets and organizations is immense. The company's recent $1.2 billion valuation underscores the financial opportunities ahead.
Future fundraising appears promising, bolstered by the strategic investment from Intermediate Capital Group and the advisory role of Morgan Stanley. These partnerships could pave the way for additional funding rounds, enabling Workhuman to enhance its platform and expand its market reach. However, the company must navigate challenges such as intense competition and the need to maintain innovation and growth in a rapidly evolving industry.
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