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Heliad Equity Partners GmbH & Co. KGaA: Heliad invests in the Series B funding of HR-Tech company WorkMotion
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DGAP-News: Heliad Equity Partners GmbH & Co. KGaA / Key word(s): Investment |
Frankfurt am Main, 24th of June 2022 - Heliad Equity Partners GmbH & Co. KGaA (ISIN: DE000A0L1NN5) welcomes WorkMotion to its portfolio by participating in its $50M Series B round
led by Canaan, with new investor GR Capital also joining and the existing investors, such as Activant Capital, Picus Capital and XAnge all supporting the round.
Founded in 2020, the leading European HR-tech firm for global employment already has grown to over 500 customers. Followed by the Series A funding in August 2021, WorkMotion will continue its recent growth and will use the new funding 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.
Furthermore, the company plans to expand the automation capabilities of WorkMotion’s proprietary Global Talent OS platform, which removes the complexity of global employment for HR teams and enables organizations to scale up quickly and easily onboard and manage global talents without the need to invest in additional infrastructure from third parties. Building on the platform’s automation will be a key focus, allowing WorkMotion’s clients to generate remote work contracts more easily, calculate country-specific salaries, authorize ‘work-from-anywhere’ requests, and many more actions at just the click of a button.
"We are very excited to invest in WorkMotion and to partner with Carsten, Felix, Karim and their team. The combination of technology and consulting know-how is what really convinced us. Effective resource procurement in particular can increase the competitiveness of a company and contribute significantly to its value creation. We see a great opportunity to drive digital transformation for global employment in Europe with WorkMotion and build a new market leader", stated Julian Kappus, Co-CEO of Heliad.
Founded in 2020, the leading European HR-tech firm for global employment already has grown to over 500 customers. Followed by the Series A funding in August 2021, WorkMotion will continue its recent growth and will use the new funding 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.
Furthermore, the company plans to expand the automation capabilities of WorkMotion’s proprietary Global Talent OS platform, which removes the complexity of global employment for HR teams and enables organizations to scale up quickly and easily onboard and manage global talents without the need to invest in additional infrastructure from third parties. Building on the platform’s automation will be a key focus, allowing WorkMotion’s clients to generate remote work contracts more easily, calculate country-specific salaries, authorize ‘work-from-anywhere’ requests, and many more actions at just the click of a button.
"We are very excited to invest in WorkMotion and to partner with Carsten, Felix, Karim and their team. The combination of technology and consulting know-how is what really convinced us. Effective resource procurement in particular can increase the competitiveness of a company and contribute significantly to its value creation. We see a great opportunity to drive digital transformation for global employment in Europe with WorkMotion and build a new market leader", stated Julian Kappus, Co-CEO of Heliad.
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