Workwise receives EUR 12 million in Series-A financing round
- LEA Partners und Armira Growth join forces to enable further growth
- Number of employees to double to 300 by next year
Karlsruhe, 8 March 2022 - The Karlsruhe-based recruiting start-up Workwise has raised EUR 12 million in a Series-A financing round. This was announced today by the HR experts from Karlsruhe. With LEA Partners from Karlsruhe and Armira Growth from Munich, two experienced investors have been brought on board to fund the next growth steps of the company. Founded in 2015 and ever since, the company was able to finance itself so far through its profitable business. The fresh funds will primarily be used to scale the company more quickly, further develop the product and expand the team. By the end of 2022, the team is expected to grow from 140 to over 200 employees, and then to 300 the year after.
Martin Trenkle, CEO of Workwise:
"Our successful bootstrapping activities as well as strong organic growth over the past years, have successfully propelled us to where we stand today as a company. We have been in a promising exchange with LEA Partners and Armira for some time. Now we want to take the next step in terms of growth and are very happy to have such experienced partners at our side, who will support us financially as well as with know-how. Overall, this will enable us to reach the next level as a company and transform Workwise to the most effective recruiting software platform in the German-speaking recruiting market."
Nils Seele, Principal at LEA Partners:
"We have been investing specifically in HR software companies for many years. In this context we are impressed by what Martin and Jannik as well as the entire Workwise team have built up so far based on in-house resources, only. With its tech-enabled recruiting approach, Workwise solves the core hiring problems of SMEs. We are very excited about this and the 3,000 customers speak for themselves. We are looking forward to working with the Workwise team to achieve their mission: to find people for jobs that suit them."
Workwise connects recruiters and job seekers and helps particularly SMEs to find suitable people for their team. For this purpose, companies can find solutions for efficient and effective recruiting at Workwise. As a part of their recruiting service, Workwise can take over the complete marketing of job listings and can support its customers with individual consulting from the advertisement to the hiring. Customers can also use Workwise as a free applicant tracking system (ATS) to create their own career pages. In addition to this, job listings can be promoted across various channels via multiposting, and thus a wide reach can be achieved. Through the active sourcing service, companies can use Workwise to successfully fill even hard-to-fill positions.