awork, a Hamburg, Germany-based SaaS startup that provides workflow management software, raised €5 million in Series A funding.
The investment was from Hi Inov-Dentressangle and Swiss VC Swiss Post Ventures join as new investors, founders and existing investors are also participating in the investment round
With this new investment, the team plans to expand its headcount and is aiming to double the number of users by 2024.
Tobias Hagenau, CEO and Co-Founder: “The funding round comes at a key moment – not only in our development at awork, but also in the development of the world of work. The new-work revolution is everywhere, and teams finally want to collaborate happily digitally. I think we’re on the right track to turn the entire work management landscape upside down.”
The digital workplace tool can be used by customers across a range of industries and represents a European solution that is DSGVO-compliant with existing tools like Asana or Trello.
awork currently counts 2,200 corporate customers, including thjnk, fischerAppelt, Ströer, and EnBW, and over 17,000 users.
Company: awork GmbH
Raised: €5.0M
Round: Series A
Funding Month: January 2023
Lead Investors:
Additional Investors: Hi Inov-Dentressangle and Swiss VC Swiss Post
Company Website: https://www.awork.io/
Software Category: Workflow Management Software
About the Company: Founded in 2019 by Nils Czernig, Lucas Bauche, and Tobias Hagenau, awork has been developed with a vision of helping teams work better and happier together in the digital world. The company's platform helps to plan and distribute projects and tasks among the team and manage the team's performance, allowing businesses to track the performance and manage all the resources.
Source: https://www.eu-startups.com/2023/01/hamburg-based-awork-scoops-up-e5-million-to-make-hybrid-working-more-collaborative/