HR-tech for global employment firm to expand capabilities to make international onboarding easier
23rd June 2022 – WorkMotion, a leading European HR-tech firm for global employment, today announced a Series B funding round of $50 million, led by Canaan. The funding will be used to expand the automation capabilities of WorkMotion’s Global Talent OS platform, which removes the complexity of global employment for HR teams. WorkMotion, unlike other Employer of Record providers, enables companies to hire globally without third parties and provides benefits for remote-first teams, such as managing ‘work-from-abroad’ requests.
First-time investor into WorkMotion, Canaan Partners leads the $50 million investment, which includes $40 million in equity plus additional debt financing, followed by Activant Capital, XAnge, and Picus Capital, who are all renewing their investment into the company. Heliad Equity Partners and GR Capital also joined as first-time investors.
“We are thrilled to welcome new investors Canaan Partners, Heliad and GR Capital on board, as well as see the continued trust our existing investors have in the strength of WorkMotion and our ability to be the leading global talent operating system,” said Carsten Lebtig, co-founder and CEO, WorkMotion. “Particularly in today’s challenging economic climate, where growth equity investment is declining, we are exceedingly pleased to be closing on this funding round. It’s testament to the proven success of the company, as well as the demand for solutions that tackle the challenges around today’s globally distributed workforce, and the desire to take advantage of an international talent pool.”
WorkMotion plans to use this new capital primarily to further develop the technological capabilities of its proprietary Global Talent OS platform.This integrated software solution eliminates the complexity of managing global employment and enables organisations to scale quickly and easily onboard and manage global talent without the need to invest in additional infrastructure. Building on the platform’s automation will be a key focus, allowing WorkMotion’s clients to more easily generate remote work contracts, calculate country-specific salaries, authorise ‘work-from-anywhere’ requests and many more actions at just the click of a button.
“Superior products and a focus on regulated economies have helped WorkMotion become the international hiring platform of choice for European companies,” said Joydeep Bhattacharyya, General Partner at Canaan. “This investment is a bet that this is only the beginning in a humongous market. We’re excited to support WorkMotion at this crucial time and look forward to the next stage of innovation.”
The funding will also contribute towards future solution offerings and also enable WorkMotion to build on its position as a strategic HR partner to its primarily European client base, offering technology, expertise and best practices to help companies achieve their goals to hire and retain staff anywhere in the world.
“Companies today need to hire globally and run these processes in a seamless way. Europe is the most complex market in the world in which to do so. WorkMotion has built the leading platform that empowers European companies of all sizes to scale across the globe, remotely, and in full compliance with ease. It has been great to see how much the platform developed since we invested the first time only nine months ago, and we’re proud to do it again as they continue to scale,” added Maximilian Mayer, Partner at Activant Capital.
“A lot of talk in the startup world centres on execution. For us at XAnge, the benchmark for efficient and quality execution is set by WorkMotion. From the deployment speed of national legal entities, to customer satisfaction and the rate of delivery for new R&D features, WorkMotion leads the pack. In short, WorkMotion is everything we admire about the German approach,” says Cyril Bertrand, Managing Partner of Xange.
The funding builds on WorkMotion’s recent growth, including an earlier Series A funding round in August 2021 and the recent appointment of Pieter Manden as Head of Trust and Employer Compliance, earlier this year. Founded in 2020, the company already has grown to have more than 500 customers.
WorkMotion transforms your workplace by making it easier than ever to build international teams. We want to be a part of revolutionizing your workplace. With our solutions, we enable companies to grow and expand their teams without regard to national borders. We digitize and simplify time-consuming onboarding processes, helping companies to onboard talents from all over the world quickly, easily and compliantly. For more information, visit https://workmotion.com/.
WorkMotion UK PR
Eleven Hundred Agency
We have made it even easier for you to use WorkDirect – one of our flagship permanent hiring solutions. When you log into the WorkMotion platform, you can see the WorkDirect solution option with several new features –
Choose your country registration
Download and manage registration documents
With these features within our platform, the country registration process is significantly streamlined, fast tracking this process for you – within a matter of weeks, you can onboard talent from your desired country under your own registration. As a WorkDirect customer, you will benefit from its unique features that include the ability to edit our expertly drafted employment contracts as much as you like, while we support you with compliance related topics.Throughout the hiring process you can also preserve your brand.
View status of country registrations
While we have introduced these new features to our platform, you can still access our network of experts. We understand that global hiring requires a healthy dose of servicing in addition to a robust software solution. With WorkDirect, we ensure that you are assisted by the best global hiring and legal experts and be able to conduct all your core hiring and onboarding initiatives in our platform. As well, throughout your country registration process and hiring process, you will be supported by our staff and be able to find answers leveraging resources within our platform.
With WorkMotion registered entities, you are able to fast track your talent onboarding while ensuring full compliance with local regulations in less than 10 minutes.
The process is streamlined with our dynamic contract template (that has been extensively reviewed by legal experts) and finalised with DocuSign electronic signatures. With our dynamic contract, you are able to customise your preferences, with contract fields adapting to your choices. This flexibility enables you to build a contract suited to your needs while ensuring full compliance with local regulations.
Achieve full onboarding in less than 10 minutes with guaranteed compliance in designated countries.
Dynamic contract template with fields that can adapt to your requirements.
Contract signing online – eliminate the need for printing and scanning.
*Note: If extensive customization is required, there may be a delay to the onboarding process.