Berlin-based WorkMotion, a global HRtech platform that enables companies to hire and onboard employees internationally, announced that it has raised $50M in its Series B round of funding.
The round was led by first-time investor Canaan Partners.
The investment includes $40M in equity plus additional debt financing.
Heliad Equity Partners and GR Capital also joined as first-time investors. Existing investors Activant Capital, XAnge, and Picus Capital also participated in the round.
WorkMotion says that the proceeds will be used to expand the automation capabilities of its Global Talent OS platform, which removes the complexity of employment for HR teams without the need to invest in additional infrastructure.
Building on the company’s automation will be a key focus area as it will allow WorkMotion’s clients to easily generate remote work contracts, calculate country-specific salaries, and authorize ‘work-from-anywhere’ requests, among other actions.
Founded in 2020 by Carsten Lebtig, Felix Steffens, and Karim Zaghloul, the software startup enables companies to onboard and manage staff abroad.
WorkMotion also offers services, including pay slips, tax registrations, and personnel management.
The company claims that, unlike other Employer of Record providers, it helps organizations to hire globally without third parties and provides benefits for remote-first teams, such as managing ‘work-from-abroad’ requests. It boasts more than 500 customers.
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