Workable continues its rise with $1.5million fund raise
Bred out of a combination of desperation and 60% youth unemployment, the tech scene in Greece is beginning to thrive. The latest success story is that of Workable, the developer of a cloud-based recruitment platform for SMEs, which has recently confirmed a new investment of $1.55 million.
The investment is being led by Greylock IL, an Israel/UK-based affiliate of Greylock Partners, known to most as an early investor of LinkedIn. Prior to this investment, Workable has already raised more than $950,000 from Greek seed investors Openfund, who were assisted by other individual angel investors.
Taken together, these investments represent a strong vote of confidence in this startup's vast potential.
While there may be a large number of companies out there offering cloud-based solutions for the recruitment market, Workable stands out from the crowd by focussing solely on SMEs. By carving out a niche, the startup has seen its revenues grow at a rate of 30% a month, putting it in an enviable position and all but confirming its future dominance.
About the Author
Shawna Warmington-Brown
Shawna Warmington-Brown joined entrepreneurcountry in December 2013 as Global Content Manager. Her current responsibilities includes creating a monthly magazine and newsletter for investors and entrepreneurs in addition to managing a catalogue of leading entrepreneurial contributors, uploading content online and reaching out to the community via social media. Her interests include business, writing on current affairs and the arts.
Graduating from notable media and communications university The London College of Communication with a honours degree in Journalism, Shawna has also had experience working as a freelance journalist within a wide variety of media genres.
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