Waterfront has advised Workable in relation to a number of growth capital investments in the company over the past 12 months totalling $50 million from Zouk, 83North, Balderton, Notion, TriplePoint and Endeavour Catalyst. The new round of financing brings the total amount of venture capital raised by Workable to $84 million. Waterfront has advised the company on all its funding rounds.
Workable develops tools to help companies recruit talent. It’s core product is a cloud- and mobile-first applicant tracking system (ATS) that helps manage the recruitment process from start to finish, including job postings, candidate screening, interviewing and selection. In addition, Workable has developed proprietary AI-enabled sourcing tools to help companies find the best talent. With this product they aim to disrupt the recruitment agency business by automating the core functions of this $270bn+ market.
Workable was established in Athens in 2012, and has gone on to become a global business with offices in London, Boston and Athens. Waterfront has worked closely with Workable since 2014 and looks forward to continuing advising Workable for many years to come. The firm have advised Workable on previous investment rounds, including a third round of investment which raised $27 million led by Balderton Capital, with Notion Capital and existing investor 83 North (previously Greylock IL) also investing.
Craig Diforte, Vice President of Finance at Workable, said “I have been working with Graham and Matt from Waterfront for over three years now. They have consistently provided us with quality advice, are excellent communicators and truly understand our business needs – a great extension to our team.”
To read Workable’s press release regarding this work please click here.
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