bluworks, an Egypt-based startup developing blue-collar HRtech SaaS solutions, has secured $1 million in pre-seed funding.
Investors
The round was led by Khawarizmi Ventures, with participation from Camel Ventures, Acasia Ventures, and angel investors.
Khwarizmi Ventures is a venture capital firm that invests in early-stage MENAP startups. Founded in 2018, it is based in Riyadh, Saudi Arabia.
bluworks Use of Funds
The company will use the funding to build and enhance its product, as well as expand its team. The company aims to become the top destination for companies seeking to optimize the management of blue-collar workers in the region.
About bluworks
Founded in 2022 by Farah Osman, Hussein Wahdan, and Nour Ahmadein, bluworks is a company that offers businesses HR and SaaS solution. Targeting industries like retail, F&B, and healthcare, the platform automates HR and operational tasks to optimize costs and streamline decision-making. bluworks has thousands of blue-collar workers on its platform. Some of its clients include Crave, Qahwa, and Cilantro.
Funding Details
Company: Bluworks
Raised: $1.0M
Round: Pre-Seed Round
Funding Month: April 2024
Lead Investors: Khawarizmi Ventures
Additional Investors: Camel Ventures, Acasia Ventures, angel investors
Company Website: https://bluworks.io/
Software Category: HR Solution
Source: https://www.wamda.com/2024/04/egypt-bluworks-closes-1-million-pre-seed