Total amount raised
$230.6 Million
Latest funding date
10/1/2011
Location
Workday has successfully navigated seven funding rounds, with its most recent being a Post-IPO Equity round led by Elliott Management Corp. The company is backed by a total of nine investors, including Janus Capital Group.
Keep reading to explore the intricacies of Workday's fundraising journey and the investors backing this enterprise solutions provider.
What Is Workday?
Workday is a prominent enterprise software company headquartered in Pleasanton, California. Founded to provide SaaS-based solutions, it specializes in human resources and financial management applications. The company operates in various industries, including AI, Cloud Computing, and Enterprise Software.
With a workforce exceeding 10,001 employees, Workday has established itself as a leader in its field. The company is publicly traded under the ticker NASDAQ:WDAY and is trusted by over 11,000 organizations globally.
How Much Funding Has Workday Raised?
- Series A
- Amount Raised: USD 15,000,000
- Date: May 2005
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their initial SaaS-based HR and financial management solutions.
- Series A
- Amount Raised: USD 15,300,000
- Date: December 2006
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their product offerings and scale operations.
- Series B
- Amount Raised: USD 20,000,000
- Date: January 2007
- Lead Investors: Greylock
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate market penetration and enhance product development.
- Series B
- Amount Raised: USD 20,250,000
- Date: September 2007
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and customer acquisition.
- Series E
- Amount Raised: USD 75,000,000
- Date: April 2009
- Lead Investors: New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their market reach and invest in new technologies.
- Series F
- Amount Raised: USD 85,000,000
- Date: October 2011
- Lead Investors: Bezos Expeditions, Janus Capital Group, Morgan Stanley, T. Rowe Price
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To prepare for an IPO and strengthen their financial position.
- Post-IPO Equity
- Amount Raised: USD 2,000,000,000
- Date: September 2025
- Lead Investors: Elliott Management Corp.
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund strategic acquisitions and further innovation in their product suite.
Total Amount Raised: USD 2,280,550,000. Current Valuation: Not publicly disclosed.
Key Investors
- Elliott Management Corp.
- Details: Elliott Management Corp. is a prominent investment management firm founded by Paul Singer in 1977. It is known for its activist approach in managing investments.
- Investment Focus Areas: Technology, enterprise software, energy.
- Notable Investments: AT&T, Twitter, eBay.
- Bezos Expeditions
- Details: Bezos Expeditions is the personal investment company of Jeff Bezos, the founder of Amazon. It focuses on a wide range of sectors, often backing innovative and disruptive companies.
- Investment Focus Areas: Technology, media, space exploration.
- Notable Investments: Twitter, Uber, 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 strategies.
- Investment Focus Areas: Technology, financial services, healthcare.
- Notable Investments: Not publicly disclosed.
- 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: Technology, financial services, healthcare.
- Notable Investments: Facebook, Google, Amazon.
- T. Rowe Price
- Details: T. Rowe Price is a global investment management firm dedicated to helping clients achieve their long-term financial goals. It is known for its disciplined investment approach.
- Investment Focus Areas: Technology, healthcare, consumer goods.
- Notable Investments: Amazon, Microsoft, Google.
What's Next for Workday?
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