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Announced

Completed

Activant Capital and XAnge led a $24m Series A funding round in WorkMotion.

Financials

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Transaction Value£17m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Completed

Acquisition

Private

Online and Social Platforms

Friendly

Private Equity

Single Bidder

Venture Capital

Germany

human resources software

Minority

Synopsis

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Activant Capital, an investment firm, and XAnge, a venture capital fund, led a $24m Series A funding round in WorkMotion, a human resources platform. “We are thrilled to welcome Activant Capital and XAnge to WorkMotion. As experienced growth investors with a long-term outlook and deep roots in the technology sector, we believe the partnership will be highly successful, and their backing is proof of the strong progress we have made since we launched just over a year ago. It’s a clear signal that both teams recognise the market opportunity for the management of employees abroad, and WorkMotion’s position as a leader in the European market. We continue to see rapid growth in all our key business metrics due to the new normal brought about by the pandemic, and this funding will enable us to execute our growth strategy over the coming years,” Carsten Lebtig, WorkMotion Co-Founder. ‍

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