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.

About Workwise

Workwise was founded in 2015 by Martin Trenkle and Jannik Keller under the name Campusj├Ąger. The company eliminates the randomness factor from the recruiting process and establishes a new efficiency in the search for suitable employees on the market through intelligent matching and individual counseling. More than 3,000 companies are Workwise customers and more than 300,000 job seekers use the platform.

About LEA Partners

With currently EUR 400 million in commitments LEA Partners is an entrepreneurial-minded multi-stage private equity firm investing in growth technology companies that are driving transformative change in their industries. Operating out of Karlsruhe, one of Europe's largest technology clusters, its mission is to fund and support ambitious founders and executives by leveraging them with practical, hands-on growth expertise to achieve market leadership and has already made various HR software investments, including zvoove and Flip.

About Armira Growth

Armira Growth focuses on fast-growing companies in Europe that are actively driving technological change and challenging the traditional value chain in their sector. Building on Armira's entrepreneurial heritage with its unique capital base of German and international entrepreneurs as well as entrepreneurial families, Armira Growth supports founders in building leading technology and technology-driven companies by investing from EUR 10 to 100 million in a trusting and long-term partnership.