# Workist

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

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.workist.com
- Total disclosed funding: $12M
- Latest round: Series A (Jul 21, 2022)
- Investors on record: 5

## About

Workist GmbH offers AI-driven document processing solutions that enhance order management and data entry across various industries, significantly reducing manual tasks and errors through automation.Founded in 2019 in Berlin, Germany, Workist GmbH specializes in AI technology for streamlining document processing. The company has completed 2 funding deals, the latest being a Series A round of EUR 9.000 mn in July 2022, led by Earlybird Venture Capital. Founders Alexander Müller, Fabian Brosig, and Tim Wegner have previously engaged in other ventures, contributing to the company's innovative approach. The current valuation stands at EUR 43.231 mn, reflecting their growth trajectory.Workist specializes in AI document processing solutions aimed at streamlining various aspects of order management and data entry across multiple industries. Their core product automates the capture, validation, and transfer of relevant data from incoming documents to ERP systems, addressing challenges such as repetitive manual data entry and transmission errors. This technology is designed to enhance operational efficiency by significantly reducing processing times and costs, making it particularly beneficial for companies dealing with high volumes of documents. Workist serves a diverse client base, including companies in sectors such as wholesale, manufacturing, food, electronics, and plastics, with implementations reported in geographical markets, including Europe and North America.Workist's revenue structure is primarily based on subscriptions for their AI document processing software, which is offered as a comprehensive solution for businesses seeking to optimize their order entry and management processes. Clients typically engage in B2B transactions, utilizing the software to automate workflows and enhance data accuracy. While specific pricing plans are undisclosed, the value proposition centers around significant time and cost savings achieved through the automation of document handling. These offerings are tailored to meet the needs of various industries, with the potential for customizable solutions to fit specific operational requirements. The firm has established partnerships with over 100 industry leaders, contributing to a robust business model focused on scalability and efficiency.Following the EUR 9 million raised in the Series A funding in July 2022, Workist GmbH plans to expand its team and develop its automation platform for B2B transactions. The company aims to penetrate further into international markets, leveraging the recent funding to support these growth initiatives.

## Funding rounds

- Series A, Jul 21, 2022, $9.2M — Earlybird, LEA Partners, another.vc
- Seed, Aug 17, 2020, $2.7M — LEA Partners, Tiny Super Computer Investment Company, 468 Capital, another.vc

## Investors

- LEA Partners (https://capitalatlas.ai/funds/lea-partners) — Seed, Series A
- Tiny Super Computer Investment Company (https://capitalatlas.ai/funds/tiny-super-computer-investment-company) — Seed
- 468 Capital (https://capitalatlas.ai/funds/468-capital) — Seed
- another.vc (https://capitalatlas.ai/funds/another-vc) — Seed, Series A
- Earlybird (https://capitalatlas.ai/funds/earlybird) — Series A