The Series A financing round is led by the venture capital fund Capnamic Ventures In addition, Iris Capital, existing investors Signals Venture Capital and High-Tech Gründerfonds (HTGF) are investing for the first time. With the growth financing of 10.5 million euros, Workpath become the cross-industry operating system for agile, results-oriented corporate management.
Workpath's software platform supports companies in implementing a holistic, agile management system. In addition to workflows for employees, this is made possible by integrating various data sources and processes from project management, resource planning, and controlling. The platform is designed to enable teams to transparently define, coordinate, track, and evaluate goals.
Further development and opening up of new markets
Now, Capnamic Ventures, together with Iris Capital and the existing investor group around Signals Venture Capital and HTGF, is financing the company with a double-digit million amount. Workpath CEO Johannes Müller comments on the financing as follows:
“To achieve this, we will primarily invest in the further development of our software platform, the establishment of a unique customer success organization, and the development of new markets.”
He continues:
"We are convinced that in today's hyper-dynamic market environment, companies can no longer organize themselves around traditional reporting lines and optimize solely for resource efficiency. It is more important than ever to quickly deliver the right results for the customer, time and time again, and to make a clear, shared direction transparent for everyone in the company."
Clear trend towards agile and results-oriented methods
Jörg Binnenbrücker, Managing Partner at Capnamic Ventures, says:
"The Workpath team impressed us greatly with their vision, their already technologically strong product for a young company, and, last but not least, their passion and execution. We are convinced that Workpath will become the leading provider of software for results-oriented business management. The already impressive growth is just the beginning."
And Thorben Rothe, Partner at Iris Capital, adds:
"Global competition and employee expectations are placing new demands on the way companies work. We are observing a clear trend toward agile and results-oriented methods. With its software, Workpath provides the necessary toolset to successfully implement this transformation and thus supports its customers in positioning themselves for the future. We are very impressed by the Workpath team's successes to date and believe that with Workpath, we can shape outcome management as a software category."
