What is WorkMotion?
WorkMotion is a technology company founded in 2020 and headquartered in Berlin, Germany, that streamlines the complexities of global hiring. It provides a comprehensive platform for managing payroll, social benefits, and taxes for companies employing staff across different countries. By automating these critical HR functions, WorkMotion enables businesses to hire talent anywhere in the world without the need for establishing local entities, thereby accelerating global expansion and talent acquisition.
How much funding has WorkMotion raised?
WorkMotion has raised a total of $74M across 2 funding rounds:
Series A
$24M
Series B
$50M
Series A (2021): $24M with participation from Activant Capital Group and XAnge
Series B (2022): $50M led by Picus Capital, GR Capital, Activant Capital Group, Canaan, Heliad Equity Partners, and XAnge
Key Investors in WorkMotion
Activant Capital Group
Activant Capital Group is a research-led growth firm that invests in innovative solutions across various industries, focusing on empowering businesses through digitized operations and advanced technology.
XAnge
XAnge is a European early-stage venture capital firm with significant experience, dedicated to empowering visionary founders from Seed to Series B with capital and expertise, focusing on transformative value beyond capital.
GR Capital
GR Capital is a pan-European venture fund focused on empowering fast growth tech companies in sectors such as health, wealth, housing, and mobility, providing capital and valuable connections to support portfolio companies in scaling their operations.
What's next for WorkMotion?
The substantial enterprise-level funding and recent strategic investment signal WorkMotion's intent to further scale its operations and enhance its platform capabilities. This capital infusion is likely to be directed towards expanding its global reach, strengthening its technological infrastructure, and potentially acquiring complementary businesses. As WorkMotion continues to simplify international employment, it is well-positioned to capture a larger share of the growing global workforce management market, further solidifying its role as a key enabler of remote and international hiring.
See full WorkMotion company page
