Workiz, the leading home services team management company, announced it secured a $40 million 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.
Lead Edge has invested in some of the world’s leading technology companies, including Alibaba, Asana, Spotify, and Toast. The company will use the funds to scale its operations while recruiting more talent and growing its customer base.
Many home service professionals still use antiquated business management methods to handle everything from customer scheduling to invoicing and follow-ups. Frustrated by the difficulty of efficiently managing and growing the business side of their locksmith company, Idan Kadosh, and Erez Marom partnered with CTO Saar Kohanovitch to launch an all-in-one service management platform that would allow them to focus solely on their job while outsourcing back-office operations.
Today, the service is being used by more than 100,000 business professionals throughout the US and Canada and has grown 200% annually over the past two years. Every year, Workiz processes billions of dollars in transactions, handles millions of incoming and outgoing calls, and serves over 17 million users.
Workiz is also rolling out a brand new set of customizable automated features on its platform, enabling managers to ‘set and forget’ many of the back office tasks services businesses have to deal with on a daily basis. The suite of features helps Workiz users do everything from closing more leads to avoiding job cancellations.
Users are also able to send customizable automatic reminders to their clients for invoicing and payments. There’s also a ‘review request’ feature so Workiz users can gain positive client reviews, thereby increasing lead generation, and improving business reputation.
“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,” says Workiz CEO Adi (Didi) Azaria. “The company’s 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.”
“We are thrilled to be partnering with Workiz given the tremendous market opportunity and the unique platform that incorporates powerful automation software with various innovative features,” said Avery Rosin of Lead Edge Capital.
“The company’s rapid growth of customers is a testament to the advantage that Workiz provides to any home service team, and we are excited for the next high growth chapters as the company delivers its innovative products across the service management industry”.