Workstorm, a Chicago, IL-based provider of secure collaboration solutions, has closed its Series A funding round, valuing the company at $200 million.
SaaS Investors
Funding participants include Author Capital Partners and high-net-worth investors from Chicago.
Author Capital Partners is a purpose-driven private investment firm that empowers highly entrepreneurial founder- and family-led businesses with flexible capital, strategic advice, and long-term partnerships.
Workstorm Use of Funds
The funds will be used to accelerate product development, expand the customer base, and support the growth of the sales and engineering teams.
About Workstorm
Workstorm is a company that provides secure collaboration technology designed for legal, government, and professional services organizations, as well as compliance-mandated industries such as healthcare and finance. Workstorm offers a collaboration platform with features including enterprise messaging, video conferencing, document management, email and calendar integration, and custom integration capabilities. With robust user features, Workstorm enables teams to collaborate efficiently while maintaining the highest security and privacy standards.
Funding Details
Company: Workstorm LLC
Raised: Undisclosed
Round: Series A
Funding Month: October 2023
Lead Investors:
Additional Investors: Author Capital Partners
Company Website: https://workstorm.com/
Software Category: Remote Working Solution
Source: https://www.prnewswire.com/news-releases/workstorm-closes-series-a-funding-round-marking-significant-milestone-for-chicago-based-company-301959900.html