Wrk Technologies, Inc., a Montreal, Canada-based provider of a Hybrid Automation platform that allows businesses to create end-to-end automated workflows without any technical expertise, raised over CAD$55M in total funding after closing its Series A.
The round included new direct investment from Omers Ventures and White Star Capital—combined with debt financing from Silicon Valley Bank (SVB). In addition, several prominent angels including Sharon Rowlands (CEO Web.com), Cherif Habib (CEO Dialogue Health), Mark MacLeod (former CFO Shopify), Charlie Songhurst (former head of strategy Microsoft), and Michael Litt (CEO Vidyard) have invested over the course of the fundraising. Previously seed funding was raised from Desjardins Capital and Real Ventures.
The company intends to use the funds to expand its team and accelerate the development of its platform.
Founded by CEO Mohannad-El Barachi and COO David Li in 2019, Wrk provides a process automation solution enabling organizations to automate routine tasks and freeing employees to dedicate more time for critical growth tasks. The company has created a structure that makes it easy for anyone (even those without IT experience) to build workflows that can leverage bots, API integrations, Robotic Process Automation (RPA), and a vast array of human skills, without any heavy technical lifting. Wrk is currently serving a diverse roster of clients in North America and Europe, including communications and PR giant Cision, media conglomerate Gannett, Silicon Valley Bank (SVB), and international non-profit Penny Appeal.
Wrk has also added four key senior hires to the team of more than 50 full-time employees, including:
- Mathieu Rebeiro joins as Vice-President of Automation Solutions.
- Michael Thompson is joining Wrk as SVP of Customer Operations.
- Maria Meadows joins as SVP.
- Jacques Bouchard joins as Chief Technology Officer (CTO).
FinSMEs
08/02/2022