Workiz, which has developed a home services team management platform, said on Wednesday it has secured a $ 40 million Series C investment led by Lead Edge Capital joined by G squared and La Maison and followed by existing investors New Era, Magenta Venture Partners and Maor Investissements. Lead Edge has invested in some of the most successful tech companies in the world, including Alibaba, Asana, Spotify, and Toast.
Many home service professionals still use archaic business management methods – such as pen and paper or Excel spreadsheets – to manage everything from client scheduling to invoicing and tracking. Frustrated by the difficulty of effectively managing and growing the business side of their locksmith business, Idan Kadosh, and Erez Marom partnered with CTO Saar Kohanovitch in 2015 to launch an all-in-one service management platform that would allow them to focus only on what they loved while outsourcing back office operations.
The company has raised more than $ 60 million in total to date and has been named one of America’s fastest growing companies in 2021. Workiz currently has over 80 employees.
The service is currently used by more than 100,000 professionals in the United States and Canada and has grown 200% per year for the past two years despite the pandemic. Each year, Workiz processes billions of dollars in transactions, handles millions of inbound and outbound calls, and serves over 17 million end users.
“As their businesses evolve, home service providers are making more calls than ever before, placing a greater emphasis on managing the back office work needed to maintain a healthy business,” said Workiz CEO Adi (Didi) Azaria. “Workiz’s rapid growth over the past two years demonstrates a clear market need for our platform, and we are motivated to provide our customers with an industry-defining product that helps them strengthen their respective businesses. “