# Projectworks

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

- Industry: Software
- Headquarters: Wellington, New Zealand
- Website: www.projectworks.io/
- Total disclosed funding: $19M
- Latest round: Series A (Jun 3, 2025)
- Investors on record: 4

## About

Founded in 2017 and based in New Zealand, Projectworks, Inc. operates as a developer of professional services automation (PSA) software platform offering an integrated solution that connects various business tools, offering real-time visibility into project performance, team productivity, and financial health. Mark Orttung is leading the firm as CEO as of 2024. In June 2025, Projectworks, Inc. raised USD 12 million in series A1 funding led by Ten Coves Capital, with participation from 2040 Ventures, BridgeWest, and other unspecified investors. Projectworks offers a suite of tools tailored to the needs of professional services firms. Key features include time tracking, budgeting, resource planning, invoicing, reporting, and forecasting. The platform integrates with tools such as Xero, QuickBooks, and Salesforce, allowing data flow between business operations. Projectworks is designed to help businesses manage the full lifecycle of a project, from initial planning to invoicing and payment. Projectworks generate revenue through subscription-based pricing models for its software platform. It charges USD 33.3 per user per month. The company will use the June 2025 funding to expand its go-to-market and customer success teams and accelerate its product development efforts.

## Funding rounds

- Series A, Jun 3, 2025, $12M — BridgeWest, 2040 Ventures, Ten Coves Capital
- Series A, Oct 17, 2024, $5M — BridgeWest, 2040 Ventures
- Seed, Apr 18, 2022, $2.4M — 2040 Ventures, Snowball Effect

## Investors

- 2040 Ventures (https://capitalatlas.ai/funds/2040-ventures) — Seed, Series A
- Snowball Effect (https://capitalatlas.ai/funds/snowball-effect) — Seed
- BridgeWest (https://capitalatlas.ai/funds/bridgewest) — Series A
- Ten Coves Capital (https://capitalatlas.ai/funds/ten-coves-capital) — Series A