Workiz, an Israeli startup offering home services team management, has secured a $40 million in a Series C investment led by Lead Edge Capital joined by G squared and La Maison and followed by existing investors New Era, Magenta Venture Partners and Maor Investments. This brings the total investment in Workiz to more than $60 million.
Founded by Idan Kadosh, Erez Marom and Saar Kohanovitch, Workiz is an all-in-one SaaS platform for home service businesses across North America, providing professionals with the tools to successfully manage their businesses by streamlining back-office operations, enabling them to scale faster and smarter. Founded in 2015 by veteran locksmiths, Workiz is used by home service companies to plan and keep track of jobs, schedules, payments, and more. The company raised over $60 million in total and was named one of the fastest growing American companies in 2021.
Many home service professionals, explains Workiz, still use antiquated business management methods – such as pen and paper or Excel spreadsheets – to handle everything from customer scheduling to invoicing and follow-ups.
Today, the service is currently being used by more than 100,000 business professionals throughout the US and Canada and has grown 200% annually over the past two years despite the pandemic. Every year, Workiz processes billions of dollars in transactions, handles millions of incoming and outgoing calls, and serves over 17 million end users.
“As their businesses scale, home service providers are going out on more calls than ever before, placing significantly more stress on managing the back-office work necessary to maintain a healthy business,” said Workiz CEO Adi (Didi) Azaria. “Workiz’ rapid growth over the past two years demonstrates a clear market need for our platform, and we are motivated by providing our customers with an industry-defining product that helps them make their respective businesses stronger.”