What is WorkSpan?
WorkSpan operates as the premier ecosystem business management platform, empowering partner ecosystem leaders to significantly boost indirect revenue. By leveraging a live SaaS network, the company facilitates cross-company business applications for co-selling, co-innovating, co-marketing, and co-investing, thereby driving collective revenue growth. WorkSpan's innovative solutions are currently powering the business ecosystems within the technology and communications industries, serving a distinguished clientele that includes enterprise giants like Microsoft, SAP, VMware, Cisco, HPE, Accenture, Ericsson, Citrix, and Red Hat, alongside numerous mid-sized companies and high-growth startups.
How much funding has WorkSpan raised?
WorkSpan has raised a total of $66M across 3 funding rounds:
Series A
$9M
Series B
$27M
Series C
$30M
Series A (2017): $9M with participation from Mayfield
Series B (2019): $27M led by M12, Mayfield, and Redline Capital
Series C (2022): $30M supported by M12, Mayfield Human Capital, and Insight Partners
Key Investors in WorkSpan
Mayfield
Mayfield (mayfield.com) is a Menlo Park-based venture capital firm that raises dedicated funds to invest in early-stage technology companies, primarily at seed and Series A, backing enterprise, consumer, and infrastructure founders and partnering with them through growth and exit.
M12
M12, Microsoft's Venture Fund, invests in enterprise software companies primarily in the Series A through C funding stages with a focus on applied AI, business applications, infrastructure, security, and vanguard technologies. As part of its value-add to portfolio companies, M12 offers unique access to strategic go-to-market resources and relationships globally.
Redline Capital
Redline Capital is a global Venture Capital and Growth Equity fund investing in fast-growing companies with differentiated technologies across North America, Europe, and Israel. Redline focuses on entrepreneurs who are transforming industries and has the depth of expertise to help transformative entrepreneurs as they globalize. Redline is looking to back strong management teams, enable their vision & strategy and lend its support through all stages of their development.
What's next for WorkSpan?
The substantial enterprise-level investment in WorkSpan signals a strategic push towards further scaling its operations and expanding its market reach. With a proven model that enhances collaboration and revenue generation within partner ecosystems, the company is well-positioned to solidify its dominance in the technology and communications sectors. Future initiatives are likely to focus on deepening platform capabilities, onboarding more enterprise clients, and potentially exploring new industry verticals where ecosystem collaboration can drive significant business outcomes. This capital infusion is expected to accelerate product development and enhance go-to-market strategies, reinforcing WorkSpan's position as an indispensable tool for modern business ecosystems.
See full WorkSpan company page
