Workmotion receives $50 million

The start-up has thus successfully completed its Series B financing round. The main backer comes from Silicon Valley.

Berlin-based startup Workmotion has raised $50 million in its Series B funding round. Silicon Valley-based venture capital firm Canaan leads the round. New investors also include venture capital funds Heliad and GR Capital. Other backers include Activant Capital, Xange and Picus Capital. Existing investors already include 22 business angels, including Personio CEO Hanno Renner, as well as the founders of Flixbus and Klarna. Workmotion plans to use the new capital to expand its HR platform.

Carsten Lebtig, Felix Steffens and Karim Zaghloul founded Workmotion in 2020. "We are very pleased to welcome the new investors Canaan, Heliad and GR Capital on board and would like to thank our new as well as existing investors for the trust they have placed in us," says Lebtig, CEO of Workmotion. "Especially in the current difficult economic situation, where investments by growth capital are declining, we are even more pleased to announce this round."

Workmotion aims to help companies build international work teams. It matches remote talent through its platform. The startup's software also allows FIrms to manage their globally distributed workforce. It can also be used to organize country-specific salaries or remote work contracts. The start-up says it is active in more than 160 countries and employs over 250 people.