# WorkMotion Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/workmotion-software

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.workmotion.com
- Total disclosed funding: $64M
- Latest round: Series B (Jun 10, 2022)
- Investors on record: 7

## About

Founded in 2020 and headquartered in Berlin, Germany, WorkMotion Software GmbH specializes in global employment solutions, helping businesses efficiently hire and manage remote talent across multiple countries.WorkMotion Software GmbH, established in 2020, provides global employment solutions designed to assist companies in hiring international talent. The company was founded by Felix Steffens, Karim Zaghloul, and Vassilina Mozajeva. WorkMotion has successfully raised USD 40.00 mn across 4 funding deals, with the most recent round, a VENTURE DEBT financing of USD 10.00 mn, occurring on June 22, 2022.WorkMotion specializes in providing comprehensive global employment solutions tailored to businesses looking to hire talent across borders. Their core offerings include Employer of Record (EOR) services, which facilitate rapid onboarding, compliance with local labor laws, and management of payroll, taxes, and benefits for remote employees in over 160 countries. The platform generates locally compliant contracts within ten minutes, streamlining the onboarding process and eliminating the complexities associated with opening legal entities in foreign markets. WorkMotion's clientele includes European businesses seeking to expand their workforce internationally while maintaining compliance with diverse regulations. The solutions are particularly relevant for companies in industries such as technology, finance, and creative services, allowing them to effectively manage distributed teams worldwide.WorkMotion generates revenue primarily through subscription-based access to its platform, which offers various packages designed to meet the specific needs of businesses employing remote workers. Clients subscribe to different service tiers that provide features such as payroll management, compliance support, and employee contract generation. Each contract and transaction is meticulously managed through the platform, ensuring compliance with local regulations and timely payment processing. WorkMotion’s services extend to both B2B and direct-to-consumer models, catering to a range of businesses from small startups to large enterprises. The pricing structure is designed to accommodate diverse client requirements, allowing businesses to scale their usage of the platform in alignment with their hiring needs and operational growth.Following its most recent funding round in June 2022, where WorkMotion raised USD 10.00 mn in VENTURE DEBT financing, the company plans to enhance the automation capabilities of its global talent operating system. This funding will support the reduction of complexities in global employment for HR teams. WorkMotion is also looking to expand its operations into additional international markets, targeting regions with high demand for remote employment solutions.

## Funding rounds

- Series B, Jun 10, 2022, $40M — Canaan Partners, XAnge, Heliad Equity Partners, Activant Capital, Picus Capital, GR Capital
- Series A, Aug 9, 2021, $24M — XAnge, Activant Capital, Picus Capital, 10x Founders

## Investors

- XAnge (https://capitalatlas.ai/funds/xange) — Series A, Series B
- Activant Capital (https://capitalatlas.ai/funds/activant-capital) — Series A, Series B
- Picus Capital (https://capitalatlas.ai/funds/picus-capital) — Series A, Series B
- 10x Founders (https://capitalatlas.ai/funds/10x-founders) — Series A
- Canaan Partners (https://capitalatlas.ai/funds/canaan-partners) — Series B
- Heliad Equity Partners (https://capitalatlas.ai/funds/heliad-equity-partners) — Series B
- GR Capital (https://capitalatlas.ai/funds/gr-capital) — Series B