On Thursday, Amsterdam-based Workwize, a platform specialised in streamlining the management of office equipment for a company’s remote worker, announced that it has secured $13M (approximately €12.6M) in a Series A funding round led by Klass Capital.
Based out of Toronto, Klass Capital is a growth equity firm established to provide expansion-stage capital to high-growth enterprise software businesses. Klass takes a long-term approach to investing and targets 10M-100M equity investments.
“Our investment in Workwize reflects our strong belief in its ability to revolutionise IT management for an increasingly global workforce that demands streamlined solutions,” says Will Anderson, Managing Partner at Klass Capital.
Additionally, existing investors, including Peak and Graduate Entrepreneur Fund, also participated.
The announcement comes as the company’s annual growth rate has tripled, and its platform is already transforming IT operations for customers, including Adyen, Elastic, EQT, and HelloFresh.
Fund utilisation
The new funding will enable the Dutch company to expand its global footprint and enhance operations by launching a U.S. office in early 2025.
Additionally, the company is also planning to double its headcount in 2025.
Moreover, this investment will fast-track its integration of AI-driven automation, making it the first platform to fully automate the IT equipment lifecycle—from procurement and deployment to retrieval and disposal.
Workwize: Streamlining the management of office equipment
Workwize was founded in 2021 when Michiel Meyer, Victor Dik, Sebastiaan Scholten, and Dirk Kranendijk realised the growing demand for hybrid working models needed to be met.
The company simplifies IT hardware management for globally distributed teams, automating procurement, deployment, retrieval, and disposal.
“IT teams worldwide are overwhelmed by the inefficiencies of managing equipment for distributed teams. They waste valuable hours on manual, repetitive tasks and getting caught up in complex vendor management,” says Michiel Meyer, CEO and co-founder of Workwize.
“This investment further solidifies our vision of a barrier-free future where managing a global workforce becomes effortless and enables IT workflows to shrink from hours to minutes through smarter automation,” adds Meyer.
The platform reduces IT hardware administrative time per employee from hours to minutes, offering zero-touch, end-to-end lifecycle management supported by a global vendor network.
Traditional IT hardware asset management platforms provide a centralised record of the locations and status of IT equipment, but moving equipment still relies heavily on manual interventions by IT teams.
For example, if an overseas employee needs laptop repair, an IT manager must coordinate with various vendors, handling tasks like shipping labels, booking repairs, and arranging replacement laptops.
Workwize streamlines repetitive tasks, allowing IT teams to focus on strategic projects. The company leverages AI and automation to manage IT hardware inventory globally.
With flexible delivery options, including pre-configured laptops with Mobile Device Management (MDM) from local warehouses, the Dutch company ensures compliance with ISO standards, repurposes outdated equipment, and promotes sustainability by certifying services for wiping, recycling, or reselling IT assets.
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