Worky, a Mexico City, Mexico-based all-in-one HR and payroll software solution for Mexican companies, has closed a $6 million Series A financing round.
Investors
The round was led by Atlántico, a Brazil-based fund, with participation from ADP Ventures.
Atlántico focuses on investing in early-stage technology companies, particularly in Latin America. Based in São Paulo, Brazil, the firm primarily invest from Seed to Series A rounds in startups in sectors such as e-commerce, fintech, marketplaces, and SaaS across Latin America.
Worky Use of Funds
The company will utilize the funds to accelerate product development, expand sales and marketing efforts, and strengthen its team to further streamline HR and payroll processes for Mexican businesses.
About Worky
Founded in 2018 by Maya Dadoo and Carlos Marina, Founded in 2018 by Maya Dadoo and Carlos Marina, Worky aims to modernize how companies recruit, manage, and pay their employees, with a focus on the operative workforce sector in Latin America, starting with Mexico. The company provides HR and payroll software for Mexican firms. It digitizes a company's employee directory, time and attendance, PTO management, and onboarding tasks, allowing companies to automate their HR management. Currently serves over 40,000 users in Mexico.
Funding Details:
Company: Worky SAPI de CV
Raised: $6.0M
Round: Series A
Funding Month: May 2024
Lead Investors: Atlántico
Additional Investors: ADP Ventures
Company Website: https://www.worky.mx/
Software Category: HR and Payroll
Source: https://www.businesswire.com/news/home/20240514166929/en