Germany-based WorkMotion, an HR software startup that helps companies onboard and manage staff abroad, raised a $24M Series A. The round was led by US growth investor Activant Capital, and French fund XAnge.
Carsten Lebtig, co-founder said: “It’s a clear signal that both teams recognise the market opportunity for the management of employees abroad, and WorkMotion’s position as a leader in the European market. We continue to see rapid growth in all our key business metrics due to the new normal brought about by the pandemic, and this funding will enable us to execute our growth strategy over the coming years.”
Founded in 2020 by Carsten Lebtig, Felix Steffens, and Karim Zaghloul, the software startup helps companies to onboard and manage staff abroad. For instance, if a company from Spain wants to hire someone from Germany, WorkMotion can help create an employment contract. Also, WorkMotion assures that the contract is compliant with laws of the country of employment, as well as those of the company headquarters.
The raised capital will be used to continue WorkMotion’s European expansion, launch new compliance solutions for large enterprise companies, and expand its direct employment offering.
Announcement: WorkMotion Raises $25M for Global Employment Support