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Venture Capital News: Workast Lands $1.85M Seed Round

2018-02-15
SANTA MONICA, CA, Workast announced today it has closed $1.85 million in new funding.
Workast, the platform that allows teams to manage their work and get more done, announced today it has closed $1.85 million in new funding to continue the momentum built in 2017 and support the company's high-growth trajectory. The Series Seed funding was led by Greycroft Partners and included Spider Capital, Mucker Capital and Dream Incubator.

Part of a broader strategic vision, Workast will use this latest funding for the expansion of the company's engineering team and the continued growth of the company's web platform, API and 3rd party integrations. Following the completion of its current pilot program (est. early 2018), Workast will also rollout a premium label product, which will include reports and analytics, unlimited integrations, guest accounts, templates, custom fields and more.

"Work management tools haven't changed much in the past 10 years and many current products continue to push a model that hasn't adapted to the way individuals and teams work and communicate in the workplace," said Guillermo Gette, CEO of Workast. "With Workast, we are providing a more effective and efficient platform to track the continuous interactions between individuals and teams - across all channels, from messaging to email to voice and video - in a meaningful and manageable way."

Workast brings added value to platforms that teams are already using - such as Slack - and is easily integrated, allowing for quick adoption. Workast improves the communication and collaboration experience for teams by serving as a central platform for all work that happens within a team - from ad-hoc tasks, to long-term projects - providing visibility, transparency and efficiency.

Trung L. a Software Engineer at Live Nation - Ticketmaster and current user of Workast says: "Since we began using Workast, our productivity has increased significantly. Workast keeps track of what my peers and I need to accomplish and that process pushes us to get work done quicker. I highly recommend Workast, it makes our lives much easier."

Workast is currently available on Slack and among the top apps in the Slack App Directory with over 50,000 active companies. Workast will be available on additional platforms and communications channels in early 2018.

Workast is currently looking for great talent - for more information, visit: https://www.workast.io/jobs

Additional financial details are not disclosed.

About Workast

Workast is a platform that assist teams to organize their daily tasks, manage projects and track productivity through conversational experiences. With over 50,000 active companies, Workast is among the top ten apps in the Slack App Directory. Workast is a venture capital backed company, based in Santa Monica, California. For more information, please visit www.workast.io
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