Wurkr Raises Over £1 Mn Seed Funding.

Finance


Wurkr Raises Over £1 Mn In A Seed Funding Round.


The UK and India-based software-as-a-service (SaaS) platform Wurkr enables teams to figure together from anywhere in an immersive virtual workspace, on Monday announced to possess raised over £1 million in seed funding to fuel subsequent stage of its growth.


Hindustan Media Ventures Limited (HMVL) led the funding round with an investment of £700,000, and £188,000 was raised through equity crowdfunding platform Seedrs, where Wurkr beat its original funding target by 25 percent with over 200 investors participating.


Angel investor Yan van de Velde committed £100,000 as a part of the Seedrs lead investment round, and a further £100,000. the corporate also exercised an Equivalent Loan Note to secure further cashflow.


Since its launch in 2018, Wurkr has expanded within the UK and Indian markets, with 88,000 subscribers and a couple of,400 organizations now using its product. Wurkr subscriber base has seen a 1,000 percent increase within the past year alone.


The proceeds of this seed funding round are going to be employed by the corporate to accelerate global growth, expand the team, further develop the commodities and maximize advertising and marketing activities.


“We’re delighted with the result of our fundraising efforts. Wurkr is emerging as a start-up success story, as we worked to expand during the pandemic crisis in an economically challenging landscape. Since our launch, we were ready to develop the business without government grants, and this seed funding round helps to position us strongly for the subsequent phase of our growth strategy.


 The especially high caliber of our investors is testament to the very real and needed solution that Wurkr’s platform brings to the market,” said Anil Chandel, chief military officer and founder, Wurkr.


The virtual workplace management platform addresses this gap within the market by replicating a physical office environment within the Cloud, backed by video technology.


The solution solves the productivity and isolation constraints related to traditional remote working models, allowing distributed teams to figure together during a fully engaged and collaborative way, the corporate said.


“We are delighted to steer the seed funding round of Wurkr. I think Wurkr may be a revolutionary platform that will change the way during which we operate. it'll help companies rationalize their cost structure and yet allow employees to collaborate seamlessly and freely from anywhere. We are excited to partner with the corporate in its growth journey,” shared Anirudh Singhal, head of strategic investment, HMVL.


The work from home trend increased exponentially over the past decade, driven by advancements in digital technology, and therefore the COVID-19 crisis precipitated a more fundamental shift within the way forward for the workplace.


“I am excited to be ready to invest in, and support, Wurkr and to be a part of the revolution within the way we all work. We are during a new digital age and therefore the world remains catching up with this new way of working – transitioning to the longer-term comes with tons of the latest challenges.


 Wurkr helps businesses adapt to the longer term and is addressing these challenges to form remote working easier and more efficient for everybody, something that bigger players out there often overlook,” added Yan van de Velde, angel investor.


Post-pandemic, YouGov estimates that 57 percent of individuals want to continue performing from home or another location. As organizations of all sectors and sizes look to introduce a more hybrid and versatile way of working, demand for solutions that cater to the present need will only get stronger.



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