Funding

Workwize funding news – Amsterdam-based Workwize Secures €12.6 Million in Series A Round Funding

Jan 16, 2025 | By Kailee Rainse

Workwize funding news - Amsterdam-based Workwize Secures €12.6 Million in Series A Round Funding

Workwize, a leading platform for global IT hardware asset management, today announced that it closed $13 million in Series A funding led by Klass Capital, with continued support from early-stage investors Peak and Graduate Entrepreneur Fund.

SUMMARY

  • Workwize, a leading platform for global IT hardware asset management, today announced that it closed $13 million in Series A funding.
  • Founded in 2021, Workwize was built to simplify IT asset procurement, onboarding, and offboarding for a distributed workforce.

This investment will fast-track Workwize’s integration of AI-driven automation, making it the first platform to fully automate the IT equipment lifecycle—from procurement and deployment to retrieval and disposal.

Michiel Meyer, CEO and co-founder of Workwize said, "IT teams worldwide are overwhelmed by the inefficiencies of managing equipment for distributed teams. They waste valuable hours on manual, repetitive tasks and getting caught up in complex vendor management, This investment further solidifies our vision of a barrier-free future where managing a global workforce becomes effortless and enables IT workflows to shrink from hours to minutes through smarter automation."

A recent survey conducted by Workwize of over 150 global enterprises revealed that 48% of IT leaders prioritize ‘operational efficiency and automation.

Read also - VitVio funding news – London-based VitVio has Secured €1.8 Million in Pre-Seed Funding

It's platform dramatically cuts IT management time from 27 hours to just 10 minutes per employee for tasks like procuring, deploying, managing, retrieving, and decommissioning IT equipment. What's more, it customers appreciate the platform's ease of use, ensuring new hires receive the necessary IT equipment on their first day.

Fully automated hardware asset management: A breakthrough for IT leaders

Traditional IT hardware asset management platforms provide a centralized record of the locations and status of IT equipment, but moving equipment still relies heavily on manual interventions by IT teams.

For example, if an overseas employee needs a laptop repair, an IT manager must coordinate with multiple international vendors: sending a shipping label and packaging to the employee, booking the repair, arranging and configuring a replacement laptop, seeking cost approvals, and more.

Once fully automated, Workwize’s AI-driven platform automates the entire lifecycle of IT equipment, eliminating the need for labor-intensive interventions. Workwize improves the efficiency and scalability of repetitive tasks so that IT teams can focus on strategic initiatives. AI and automation are also used to analyze IT assets needed and manage the lifecycle of an organization’s IT hardware inventory globally.

The company provides its customers with flexible delivery options, including pre-configured laptops with Mobile Device Management (MDM) from local warehouses, ensures compliance with standards like ISO, repurposes phased-out equipment, prioritizes sustainability, and certifies services to wipe, recycle, or resell IT assets. This leads to significant time savings and delivers an experience that is ten times more efficient, allowing IT teams to be completely hands-off.

Will Anderson, Managing Partner at Klass Capital said, “Our investment in Workwize reflects our strong belief in its ability to revolutionize IT management for an increasingly global workforce that demands streamlined solutions, Workwize provides the efficiency and scalability modern enterprises need to thrive in today’s dynamic, borderless business environment.”</strong

About Workwize

Founded in 2021, Workwize was built to simplify IT asset procurement, onboarding, and offboarding for a distributed workforce. Their platform provides employees with individual budgets to order IT equipment, peripherals, and ergonomic furniture, ensuring a smooth setup no matter where they are.

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