WorkSpan Raises $30 Million in Series C  

by Kay Aloha Villamor in October 6th, 2022

WorkSpan, a San Bernardino, CA-based ecosystem cloud platform that provides a network for multi-way partnering, announced that it raised $30 million in Series C funding. 

The round was led by Insight Partners, with participation from Mayfield and M12, Microsoft's venture fund. 

The funding will be used to further invest in customer innovation and growth.

WorkSpan is a co-sell management network, enabling businesses to accelerate and scale their co-sell revenue growth. The company manages over 9,000 partner companies, $50 billion in co-sell opportunities, and $1 billion in incentive funds, powering some of the top technology ecosystems. 

WorkSpan is a SaaS platform pre-integrated with Microsoft Partner Center and AWS ACE for partner co-selling.

"Every organization has a top-down mandate to increase revenue through partner ecosystems. WorkSpan's Ecosystem Cloud was purpose-built for ecosystem partnering, allowing companies to bring joint partner solutions to market faster and co-sell with partners. This drives higher deal volume, higher deal velocity and higher win rates." said Mayank Bawa, CEO and Co-Founder, WorkSpan, "Today's fundraising news is a reflection of our continued growth and a testament of this market shift. This is the Decade of Ecosystems that WorkSpan pioneered, and there's tremendous growth ahead as we service our customers to maximize their ecosystem value."

Company: Angad Corp.

Raised: $30.0M

Round: Series C

Funding Month: October 2022

Lead Investors: Insight Partners

Additional Investors: Mayfield and M12, Microsoft's venture fund

Company Website: https://www.workspan.com/

Software Category: Ecosystem Business Management

About the Company: Founded by Mayank Singh Bawa and Amit Sinha, WorkSpan is a co-sell management network that empowers companies to turbocharge and scale their co-sell revenue growth. Partnership and sales teams use WorkSpan's secure SaaS solution to collaborate with partners on deals, exchange co-sell referrals from their CRM, manage shared pipelines, and track performance on a live dashboard. WorkSpan customers include Microsoft, Cisco, SAP, VMware, HPE, Accenture, Ericsson, Red Hat, and others. Its mission is to be the world's trusted platform for connecting ecosystem businesses with trusted partners to create value and abundance.

Source: https://www.prnewswire.com/news-releases/workspan-raises-30-million-in-series-c-funding-for-customers-to-drive-revenue-growth-with-their-partners-301640160.html




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