Home Automation Startup Wrk Has Raised $43M across Seed, Series A, and Debt Financing Rounds

Automation Startup Wrk Has Raised $43M across Seed, Series A, and Debt Financing Rounds

by sol-admin

Founded by CEO Mohannad-El Barachi and COO David Li (both pictured) in 2019, Canadian Startup Wrk combines automation with a workforce of human experts and app integrations. Wrk’s Hybrid Automation platform is the first solution to combine workplace automation with a skilled human workforce. The Startup’s team created a unique ‘building block’ structure, making it easy for anyone to build workflows that can leverage the very best of bots, API integrations, RPA, and a vast array of human skills—without any heavy technical lifting. Yesterday, Wrk announced it had raised CAD$55 million ($43.56M) across seed, series A, and debt financing rounds.

Wrk claims it will use this significant investment to strengthen and enhance its Hybrid Automation platform, add even more quality to its expanding team, and make it even easier for organizations of all sizes to get work done.

The total financing includes CAD$12.5 million in funding from Wrk’s original seed investors, Real Ventures and Desjardins Capital. Over the course of fundraising, several prominent angel investors have also supported Wrk significantly. This list includes Sharon Rowlands (CEO at Web.com), Cherif Habib (CEO at Dialogue Health), Mark Macleod (former CFO at Shopify), Charlie Songhurst (former Head of Strategy at Microsoft), and Michael Litt (CEO at Vidyard).

“For far too long, businesses have struggled with adopting automation because of the high costs of entry, rigid implementation processes, and overly complex language. This investment is the first step in bringing to market an automation solution that breaks these barriers and delivers on its mission of making automation insanely simple.”

Mohannad El-Barachi, Co-Founder and CEO, Wrk