What is WorkRails?
Founded in late 2015, WorkRails operates within the rapidly evolving digital work intermediation platform sector. The Long Island-based company, co-founded by industry veterans Jeff Leventhal (also co-founder of Work Market and OnForce), offers a distinctive approach to a market often characterized by freelancer marketplaces, crowdsourcing, and Facilities Management Systems (FMS). WorkRails' innovative model addresses the heterogeneity of this space, aiming to streamline and optimize the engagement of contingent workforces.
How much funding has WorkRails raised?
WorkRails has raised a total of $2.3M across 1 funding round:
Angel/Seed
$2.3M
Angel/Seed (2016): $2.3M with participation from Lattice Ventures, Boldstart Ventures, BoxGroup, and Lerer Hippeau Ventures
Key Investors in WorkRails
Lattice Ventures
Lattice Ventures is a network-driven venture capital firm based in New York City that invests in entrepreneurs who have a deep understanding of the problems they aim to solve. The firm focuses on accelerating company growth by leveraging connections to experienced operators, peers, and industry experts.
Boldstart Ventures
Boldstart Ventures is an early-stage venture capital firm that partners with founders to build category-defining companies. They focus on enterprise software and have a strong track record of supporting innovative startups from their inception.
BoxGroup
BoxGroup is a venture capital firm that invests in early-stage technology companies. They are known for their hands-on approach and their ability to identify and support promising startups across various sectors.
What's next for WorkRails?
The recent major strategic investment positions WorkRails for accelerated growth and market expansion. As a company that has successfully navigated its early development stages, this capital infusion is expected to fuel further innovation in its platform capabilities and broaden its reach within the enterprise sector. The focus on digital work intermediation suggests a strategic push towards capturing a larger share of the burgeoning gig economy and contingent workforce management market, likely involving enhancements to its technology and sales infrastructure.
See full WorkRails company page
