# Workiz

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

- Industry: Software
- Headquarters: San Diego, US
- Website: www.workiz.com
- Total disclosed funding: $60M
- Latest round: Series C (Nov 17, 2021)
- Investors on record: 8

## About

Workiz Inc. offers innovative field service management software that enhances operational efficiency for businesses with field technicians across various industries, including HVAC, plumbing, and electrical services.Founded in 2015, Workiz Inc. is headquartered in San Diego, US, and specializes in field service management software. The company has successfully raised a total of USD 40.00 mn through a Series C funding round on November 17, 2021, led by Lead Edge Capital, with participation from G Squared and La Maison Compagnie d'Investissement, as well as returning investors. The CEO of Workiz is Adi Azaria.Workiz specializes in providing comprehensive field service management (FSM) software designed to streamline operations for businesses that deploy field technicians across various industries, including HVAC, plumbing, electrical, garage door services, locksmiths, and home repair. The core offering of Workiz includes tools for scheduling jobs, dispatching technicians, invoicing, and tracking performance, all integrated into a single platform. The software enables service providers to offer an online booking widget, allowing customers to book services 24/7, and automates lead conversions into scheduled jobs. Additionally, the platform features a built-in communication system, inventory management, financial solutions for payments, and marketing tools to enhance customer loyalty. Workiz serves a diverse client base that includes over 120,000 professionals across North America, with particular emphasis on markets such as the United States and Canada.Workiz generates revenue primarily through a subscription model, offering flexible monthly pricing plans tailored to the varying needs of its clients. Transactions typically occur as companies subscribe to the service, gaining access to the software suite, which includes features such as scheduling, invoicing, and payment processing. Workiz’s pricing tiers are structured based on the level of functionality required, accommodating businesses of all sizes from small contractors to larger multi-location operations. Clients benefit from features like online payments and automated customer follow-ups, enhancing their operational efficiency and customer engagement. While specific pricing details are not disclosed, the subscription model allows for scalable revenue generation as client businesses grow and utilize more features over time.Workiz Inc. plans to utilize the USD 40.00 mn raised in the Series C funding to enhance the management of home service teams. The company aims to develop new products that will further streamline operations and improve service delivery. Furthermore, Workiz is strategically looking to expand into additional markets across North America. These initiatives are expected to be rolled out in the near future, focusing on expanding their presence and reaching a broader client base.

## Funding rounds

- Series C, Nov 17, 2021, $40M — Lead Edge Capital, G Squared, New Era Capital Partners, La Maison Partners, Maor Investments, Magenta Venture Partners
- Series B, Feb 24, 2021, $11M — TMT Investments, Aleph, New Era Capital Partners, Maor Investments, Magenta Venture Partners
- Series A, Oct 30, 2019, $5M — Aleph, Magenta Venture Partners
- Seed, Oct 21, 2018, $2M — Aleph
- Seed, Aug 1, 2018, $2.3M — Aleph

## Investors

- Aleph (https://capitalatlas.ai/funds/aleph) — Seed, Series A, Series B
- Magenta Venture Partners (https://capitalatlas.ai/funds/magenta-venture-partners) — Series A, Series B, Series C
- TMT Investments (https://capitalatlas.ai/funds/tmt-investments) — Series B
- New Era Capital Partners (https://capitalatlas.ai/funds/new-era-capital-partners) — Series B, Series C
- Maor Investments (https://capitalatlas.ai/funds/maor-investments) — Series B, Series C
- Lead Edge Capital (https://capitalatlas.ai/funds/lead-edge-capital) — Series C
- G Squared (https://capitalatlas.ai/funds/g-squared) — Series C
- La Maison Partners (https://capitalatlas.ai/funds/la-maison-partners) — Series C