Projectworks, a Wellington, New Zealand-based project management solutions provider, has raised USD$5 million in Series A funding.
Investors
The round was led by Bridgewest Group, increasing Projectworks’ valuation to over $100 million NZD.
Bridgewest Group is a private global investment firm with over $3B in capital. Founded in 1999, the firm focuses on impactful sectors such as Life Sciences, Software, Semiconductors, and AI. Leveraging its expertise and global network, Bridgewest supports portfolio growth with customized financial services and real estate holdings. The firm operates across the US, Europe, China, Australasia, and India.
Projectworks Use of Funds
The funding will support global customer acquisition, enhance R&D investment, and establish a product and engineering team in Silicon Valley, enabling Projectworks’ expansion in the U.S. and other markets.
About Projectworks
Founded by Julian Clarke, Matthew Hayter, and Doug Taylor and led by CEO Mark Orttung, Projectworks provides a professional services automation (PSA) platform to help service companies manage and optimize projects. Currently, around 500 customers use the platform globally, including Australian clients such as Kiandra, Bound, Diversus, and Ackama. Projectworks has rapidly expanded across New Zealand, Australia, the United States, Canada, and the United Kingdom.
Funding Details
Company: Projectworks, Inc.
Raised: $5.0M
Round: Series A
Funding Date: October 2024
Lead Investor: Bridgewest Group
Additional Investors:
Company Website: https://projectworks.io/
Software Category: Project Management
Source: https://www.projectworks.com/blog/projectworks-series-a