The funding will help WorkMotion expand its European customer base. Here are the top-line bullets you need to know.
WorkMotion, an HR platform, has raised $50M in a Series B. The round drew participation from Canaan Partners, Activant Capital, Picus Capital, and GR Capital, among others.
HOW’S THE COMPANY PERFORMING?
- Germany-based WorkMotion enables organizations to manage international and remote workforces.
- The platform caters to 500+ customers across over 160 countries.
- It is currently backed by a team of 250+ employees.
Source: WorkMotion
WHY DOES THE MARKET MATTER?
- The global HR software market is expected to reach a value of $33.6B by 2028, growing at a CAGR of 10.1%, according to Verified Market Research.
- The increased adoption of cloud-based workforce management solutions across verticals by businesses of all sizes amid the pandemic has resulted in market growth.
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