# Polywork

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/polywork

- Industry: Internet
- Headquarters: New York, US
- Website: www.polywork.com
- Total disclosed funding: $45M
- Latest round: Series B (Sep 15, 2022)
- Investors on record: 5

## About

Based in New York, US, Polywork is an innovative professional networking platform designed to enhance collaboration, showcase individual talents, and expand career opportunities for users.Founded in 2020 in New York, US, Polywork operates a platform aimed at facilitating professional networking and collaboration. The company has successfully raised USD 28 mn in its SERIES B funding round, co-led by Caffeinated Capital and supported by Andreessen Horowitz and Bungalow Capital. This latest funding round, completed on 15 September 2022, brought the total amount raised by the company to USD 28 mn. Peter Johnston, a founder with a background in establishing tech companies, leads the organization.Polywork's core offerings center around a professional networking platform that allows users to create personalized profiles showcasing their diverse experiences and current projects. The platform primarily targets freelancers, entrepreneurs, and professionals seeking to expand their networks. By fostering dynamic interactions and addressing the limitations of traditional networking, Polywork aims to redefine professional relationships. The service is available globally, with a focus on North America, Europe, and parts of Asia, where demand for innovative networking solutions is increasing.Polywork generates revenue mainly through subscription models and partnerships with businesses looking to utilize the platform for talent acquisition and community engagement. Users can subscribe to different membership tiers, each offering unique features tailored to specific professional needs, including enhanced visibility and networking capabilities. Business clients benefit from access to collaboration and project management tools, integrating Polywork’s services into their operations. This dual revenue approach supports both individual professionals and larger enterprises, contributing to the company’s growth.Following the recent SERIES B funding round, Polywork plans to increase its workforce and enhance platform development. The investment will support the creation of new features and services aimed at improving user experience and expanding engagement. The company is also looking to penetrate additional geographic markets, particularly in Europe and Asia by 2023. This strategy aims to broaden its user base and capitalize on the rising demand for networking platforms that cater to diverse professional needs.

## Funding rounds

- Series B, Sep 15, 2022, $28M — Andreessen Horowitz, Caffeinated Capital, Bungalow Capital
- Series A, Aug 5, 2021, $13M — Andreessen Horowitz, Goldcrest Capital, Caffeinated Capital, 20VC, Bungalow Capital
- Seed, May 20, 2021, $3.5M — Caffeinated Capital

## Investors

- Caffeinated Capital (https://capitalatlas.ai/funds/caffeinated-capital) — Seed, Series A, Series B
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A, Series B
- Goldcrest Capital (https://capitalatlas.ai/funds/goldcrest-capital) — Series A
- 20VC (https://capitalatlas.ai/funds/20vc) — Series A
- Bungalow Capital (https://capitalatlas.ai/funds/bungalow-capital) — Series A, Series B