Workrise Raises $300M in Series D

Workrise has successfully raised $300M in a Series D at a $2.9B valuation led by Andreessen Horowitz, Brookfield Growth, Founders Fund, Bedrock Capital, Threshold Ventures.

Company Overview

Workrise is a HR Tech company headquartered in 1 Letterman Drive, San Francisco, CA 94129, founded in 2014 with 700+ employees.

Energy workforce platform

Fundraising Details

Amount Raised: $300M
Round Type: Series D
Valuation: $2.9B
Date: 2024-05-06
Investors: Andreessen Horowitz, Brookfield Growth, Founders Fund, Bedrock Capital, Threshold Ventures

About Workrise

Energy workforce platform The company is positioned in the HR Tech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 1 Letterman Drive, San Francisco, CA 94129
Founded: 2014
Team Size: 700+
Industry: HR Tech

What This Means

This funding round demonstrates strong investor confidence in Workrise's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The HR Tech sector continues to attract significant investment as companies innovate to meet evolving market demands. Workrise's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $2.9B valuation marks an important milestone for Workrise, positioning the company among notable players in the HR Tech industry.

Looking Ahead

With this new capital, Workrise is well-positioned to execute on its growth strategy and continue building innovative solutions in the HR Tech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-05-06. For more information about Workrise, visit their headquarters at 1 Letterman Drive, San Francisco, CA 94129.