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QED and LEAP Invest US$3m in Mexican HRtech Worky

25 June 2020

QED Investors and LEAP Global Partners invested US$3m in Worky, a Mexican HRtech automatization platform. Worky has specialized in startups, having Kavak and La Haus among its clients, but now intends to also target businesses with 200+ employees.

(Contxto) Startup Worky has been working hard so HR departments work less. But it wants to take its all-in-one platform to the next level. That’s why it recently raised equity capital for US$3 million through QED Investors and LEAP Global Partners.

“We’ll be using the funds to expand our tech and product team so as to build the best HR software in Mexico,” Maya Dadoo, Worky’s co-Founder and CEO told Contxto.

Up until now, the startup has focused on the needs of small and medium-sized enterprises (SMEs). However this investment round will serve to tender to larger businesses.

“We want to address the HR needs of companies with more than 200 employees,” added the executive.

Rightly so, regardless of a business’ size, all human resources departments strive to keep staff productive and happy. Although how that gets that done depends on just how big the company is.

Worky is working it for HR

Maya Dadoo alongside Carlos Marina and Oscar Castillo launched Worky in 2017 to give SMEs a leg up in managing their teams.

Through the startup’s platform HR departments can oversee payroll, tardiness, recruiting… basically all the little things that eat up huge chunks of time. Thus freeing them up to focus on what really matters: creating a better work environment, engaging staff so they stay, and attracting talent.

Among its current customers are Mexican startups Kavak, Homie, Troquer as well as Colombian La Haus. But thanks to the funding, it won’t be long before big whig corporations get added to the list.

Evidently, companies with more employees have greater oceans of data to process on an HR platform like Worky’s. Moreover, organizational charts and workflows between staff are more complex the bigger a business gets.

Something they have in common is an increased need for HR-related services to operate remotely as people further embrace working from home.