Workable is a company.
Workable has raised $84.7M across 5 funding rounds.
Key people at Workable.
Workable has raised $84.7M in total across 5 funding rounds.
Key people at Workable.
Workable is a SaaS company offering an all-in-one recruitment and HR management platform, primarily an applicant tracking system (ATS) that automates hiring for small and medium-sized businesses (SMBs).[1][2][3] It serves in-house recruiters, hiring teams, and HR professionals at over 30,000 companies worldwide, helping them source, screen, interview, onboard, and manage talent to fill roles faster with AI-powered tools and a pay-as-you-go model.[2][3][4] The platform solves inefficiencies in manual recruiting—like spreadsheets and disjointed tools—by streamlining candidate sourcing from job sites, predictive matching, interview scheduling, compliance, and employee management, enabling 1.5 million hires across diverse industries from startups to enterprises like RyanAir and Starling Bank.[1][2][3]
Workable demonstrates strong growth momentum, expanding from its 2012 founding to 250+ employees across Greece, the US, UK, Australia, and Singapore, with headquarters in Boston.[1][2][3] It has raised over $78 million in funding, including a $50 million round in 2018, and earned recognitions like the FT 1000 list in 2020, reflecting sustained adoption amid rising demand for efficient HR tech.[1][3]
Workable was founded in 2012 in Athens, Greece, by Nikos Moraitakis (current CEO) and Spyros Magiatis, who had frustrating experiences recruiting for other companies using spreadsheets and inadequate software.[1][4][5] Frustrated by these tools, they built an intuitive, end-to-end platform to simplify hiring, starting with core ATS features for SMBs.[1][4] Early traction came quickly: in 2013, it secured investment from Openfund; by 2014, a $1.5 million round from Greylock Israel funded expansion, prompting headquarters moves to London and Boston.[1] Pivotal moments included a $27 million Series B in 2015 from Balderton Capital and a $50 million investment from Zouk Capital in 2018, fueling global growth and product evolution into a full HR suite with onboarding and management tools.[1][2]
Workable stands out in the crowded ATS market through these key strengths:
Workable rides the talent acquisition automation trend, capitalizing on remote work, skills shortages, and AI-driven HR amid a global hiring boom post-pandemic.[2][7] Timing is ideal as SMBs—its core market—face scaling pressures without enterprise budgets, with market forces like labor market tightness and compliance needs (e.g., GDPR) favoring automated, compliant tools.[1][2] It influences the ecosystem by enabling faster hires for 30,000+ companies, fostering diverse talent pipelines, and integrating deeply with ecosystems like LinkedIn, while competing with Lever by prioritizing ease-of-use over complexity.[3][4] This positions Workable as a democratizer of advanced recruiting for non-HR-expert teams in a $200B+ HR tech market.
Workable is poised for continued expansion by deepening AI for predictive hiring and HRIS features, targeting larger enterprises while retaining SMB dominance amid trends like skills-based hiring and hybrid work.[2][7] Evolving regulations and talent wars will amplify demand for its compliant, automated platform, potentially driving acquisitions or further funding. As HR tech consolidates, Workable's focus on usability and full-lifecycle management could elevate it from ATS leader to essential HR backbone, empowering more companies to build teams efficiently.[3][7]
Workable has raised $84.7M in total across 5 funding rounds.
Workable's investors include 83North, Balderton Capital, Brass Pen Ventures, Flex Capital, Joost de Valk, Marathon Venture Capital.
Workable has raised $84.7M across 5 funding rounds. Most recently, it raised $50.0M Series C in November 2018.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 1, 2018 | $50.0M Series C | 83North, Balderton Capital, Brass Pen Ventures, Flex Capital, Joost de Valk | |
| Sep 1, 2015 | $27.0M Series B | 83North, Balderton Capital, Brass Pen Ventures, Flex Capital, Joost de Valk | |
| Feb 1, 2015 | $5.0M Series A | 83North, Marathon Venture Capital | |
| Mar 1, 2014 | $2.0M Series A | 83North, Marathon Venture Capital | |
| Jan 1, 2013 | $650K Seed | Marathon Venture Capital |
