Total amount raised
$131.5 Million
Latest funding date
06/01/2020
Location
Workhuman has successfully navigated four funding rounds, attracting investment from notable firms such as Intermediate Capital Group and Kepha Partners. The latest funding was raised through a Secondary Market round.
Keep reading to explore the intricacies of Workhuman's fundraising journey and the investors backing this innovative platform.
What Is Workhuman?
Workhuman operates in the Human Resources and SaaS industries, specializing in employee recognition software. The company is headquartered in Dublin, Ireland, and employs between 1001 and 5000 people.
Known for its integrated Social Recognition® and Continuous Performance Management platform, Workhuman focuses on enhancing employee engagement and performance through innovative software solutions. The company is private and has raised funding through multiple rounds, with notable investors including Intermediate Capital Group and Kepha Partners.
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 kickstart the company's operations and develop its initial product offerings.
- Series B
- Amount Raised: USD 9,300,000
- Date: October 2004
- Lead Investors: Atlas Venture
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance product development.
- Series Unknown
- 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: USD 108,000,000
- Date: June 2020
- Lead Investors: Intermediate Capital Group
- Valuation at Round: USD 1,200,000,000
- Motivation Behind the Round: To welcome a strategic investor and provide liquidity to early supporters.
Total Amount Raised: USD 117,300,000
Current Valuation: USD 1,200,000,000
Key Investors
- Intermediate Capital Group (ICG)
- Details: Intermediate Capital Group is a London-based alternative asset manager. They acquired a minority stake in Workhuman, providing liquidity to early supporters.
- Investment Focus Areas: Private equity, credit, growth companies
- Notable Investments: Not publicly disclosed
- Kepha Partners
- Details: Kepha Partners is a venture capital firm that focuses on early-stage investments. They have been involved in Workhuman's growth journey.
- 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 technology and life sciences companies. They led Workhuman's Series B round.
- Investment Focus Areas: Technology, 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 serving over 5 million employees across 160 countries, the potential for expansion into new markets and industries is vast. The recent investment from Intermediate Capital Group (ICG) positions Workhuman to further innovate and strengthen its market presence.
Future fundraising opportunities appear promising, as the company's unicorn status and strategic partnerships make it an attractive candidate for additional investments. However, Workhuman must navigate challenges such as intense competition and the need to continuously evolve its technology to meet changing customer needs. Balancing global expansion with maintaining high service quality will be crucial for sustained success.
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