Workmotion receives 24 million US dollars

The Berlin-based start-up has successfully closed its Series A financing round. The round is also led by fund Activant Capital, which recently inaugurated its Berlin office.

Berlin-based startup Workmotion has closed a $24 million funding round. The round is led by US fund Activant Capital, which opened its office in Germany just six weeks ago. This is Activant's first investment.

The French fund Xange and angel investor Carsten Thoma are also involved. In addition, the old investors Picus Capital, Klarna founder Victor Jacobsson and celebrity investor Carsten Maschmeyer involved. The money is to be used to drive Workmotion's expansion.

Workmotion founder Carsten Leptig is excited about the funds as new investors, "We believe the partnership will be very successful, and their support is a testament to the great progress we have made since our founding just over a year ago," he explains. "Because of the new normal created by the pandemic, we continue to see rapid growth in all key business metrics."

Workmotion assists companies in managing employees moving there or working from there for a company in another country. Today, the Berlin-based company employs 60 people and serves 170 companies with 500 remote employees.