Workmotion receives 24 million US dollars

The Berlin-based start-up has successfully completed its Series A financing round. The round was also led by the Activant Capital fund, which recently opened its Berlin office.

The Berlin-based start-up Workmotion has closed a financing round of 24 million US dollars. The round was led by the 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. The existing investors Picus Capital, Klarna founder Victor Jacobsson and celebrity investor Carsten Maschmeyer are also involved. The money will be used to drive Workmotion's expansion.

Workmotion founder Carsten Leptig is delighted to have 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. "Due to the new normal created by the pandemic, we continue to see rapid growth in all key business metrics."

Workmotion supports companies in managing employees abroad who move to or work for a company in another country. Today, the Berlin-based company employs 60 people and supports 170 companies with 500 remote employees.