Field Service Management Startup Workiz Raises $13M in Series B Funding

Feb 24, 2021•over 4 years ago

Amount Raised

$13 Million

Round Type

series b

Tel Aviv

Description

Workiz, the leading field service management and communication startup, announced today that it has closed a $13 million Series B fundraising round led by New Era Capital Partners, with Managing Partner Gideon Argov joining the Workiz board. Additional investors include Aleph, Magenta Venture Partners, Maor Investments, and TMT Investments PLC.

Company Information

Company

Workiz

Location

Tel Aviv, Tel Aviv District, Israel

About

We may hear a lot about how big businesses are undergoing digital transformation, but the trend isn’t exclusively limited to them, and today a startup that’s building better productivity tools for a very offline part of the working world — home services professionals — is announcing a growth round on the heels of strong demand for its technology. This should not be too much of a surprise given that Azaria said that the company grew over 200% in its core market in the last 24 months, with net retention rates of 180%. The company is building more tools for workers to be able to create their own workflows, where they can “set and forget” different actions around, say, invoicing and subsequently chasing those invoices; or setting up appointments automatically based on the clients’ and the pro’s availabilities. “The company’s rapidly growing roster of customers is a testament to the advantage that Workiz provides to any home service team, and we are excited for the next high growth chapters as the company delivers its innovative products across the service management industry.”

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Medium Activity

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Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech