Total amount raised
$66 Millions
Latest funding date
10/01/2022
Location
WorkSpan has successfully raised funding through multiple rounds, including a Series D round closed on March 24, 2025. The company is backed by notable investors such as Insight Partners and Mayfield Fund.
Keep reading to explore the intricacies of WorkSpan's fundraising journey and the investors backing this innovative platform.
What Is WorkSpan?
WorkSpan, founded in January 2015, is headquartered in San Bernardino, California. The company was established by Amit Sinha, Milind Joshi, and Mayank Bawa.
Specializing in ecosystem management, WorkSpan offers a co-sell management network that helps companies increase their co-sell revenue growth. Their platform provides tools for managing ecosystem business operations, automating co-sell processes, and tracking performance metrics.
With a team of 101-250 employees, WorkSpan empowers companies to turbocharge and scale their co-sell revenue growth through a secure SaaS solution for partnership and sales teams.
How Much Funding Has WorkSpan Raised?
- Series A
- Amount Raised: $9M
- Date: August 2017
- Lead Investors: Mayfield Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation for the company's ecosystem management platform and accelerate initial growth.
- Series B
- Amount Raised: $27M
- Date: June 2019
- Lead Investors: Redline Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and scale operations to meet increasing demand.
- Series C
- Amount Raised: $30M
- Date: October 2022
- Lead Investors: Insight Partners, Mayfield Fund, M12 (Microsoft's venture fund)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in customer support, professional services, product innovation, and engineering.
Total Amount Raised: $66M. Current Valuation: Not publicly disclosed.
Key Investors
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm. They focus on high-growth technology and software companies.
- Investment Focus Areas: Software, internet, data services
- Notable Investments: Twitter, Shopify, DocuSign
- Redline Capital
- Details: Redline Capital is a venture capital firm that invests in technology companies. They focus on early to growth-stage technology companies.
- Investment Focus Areas: Technology, healthcare
- Notable Investments: DataRobot, Redis Labs, WalkMe
- Mayfield Fund
- Details: Mayfield Fund is a venture capital firm with a focus on early-stage investments. They invest in enterprise and consumer technology companies.
- Investment Focus Areas: Enterprise, consumer, engineering biology
- Notable Investments: Lyft, SolarCity, Marketo
- M12 (Microsoft's venture fund)
- Details: M12 is the venture capital arm of Microsoft. They focus on early-stage technology companies.
- Investment Focus Areas: Cloud computing, artificial intelligence, software as a service (SaaS)
- Notable Investments: Livongo, Outreach, Innovaccer
What's Next for WorkSpan?
WorkSpan stands at the cusp of significant growth opportunities, driven by its robust ecosystem management tools. With over 9,000 partner companies and $50 billion in co-sell opportunities, the company is well-positioned to expand its reach. The integration with major cloud providers like Microsoft and AWS further amplifies its potential, enabling faster market entry for joint solutions.
Future fundraising appears promising, given the successful Series C round and the company's upward trajectory. Additional funding could fuel further innovation and expansion, solidifying WorkSpan's market leadership. However, challenges such as maintaining growth in a competitive landscape and ensuring seamless integration with partner ecosystems remain.
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