Amsterdam-based Workwize, a platform simplifying IT hardware management for remote workers, has raised $13 million in a Series A funding round led by Toronto-based Klass Capital. This development aligns with the company’s strategy to expand its global reach and enhance its automation capabilities. Founded in 2021, Workwize addresses the challenges of managing IT equipment for a globally distributed workforce by employing AI-driven automation and a comprehensive vendor network to streamline processes.
What prompted Klass Capital’s investment?
Klass Capital, known for providing capital to high-growth enterprise software companies, has shown confidence in Workwize’s potential to optimize IT workflows for organizations worldwide. Klass Capital’s Managing Partner, Will Anderson, emphasized the significance of this investment:
“Our investment in Workwize reflects our strong belief in its ability to revolutionize IT management for an increasingly global workforce that demands streamlined solutions.”
The funding round also saw participation from existing investors, such as Peak and Graduate Entrepreneur Fund, further demonstrating market interest in Workwize’s offerings.
How will the funds be utilized?
Workwize plans to use the $13 million to expand its global footprint by establishing a U.S. office in early 2025 and doubling its workforce within the same year. Moreover, the funding will accelerate the integration of AI-driven automation into its platform, marking a step toward fully automating IT equipment lifecycle management—from procurement to disposal. This initiative aims to reduce the time and effort required for IT operations while ensuring compliance and sustainability.
When comparing this development to earlier reports, Workwize has consistently focused on simplifying IT hardware management. Initially catering to hybrid work models, the platform has evolved into an end-to-end solution for IT lifecycle management. The introduction of AI and zero-touch automation stands out as a significant progression from its earlier offerings, reflecting its commitment to innovation and operational efficiency.
Workwize currently serves companies such as Adyen, Elastic, EQT, and HelloFresh, providing them with tools to minimize administrative burdens. The platform enables IT teams to reduce hardware management time per employee while offering global vendor-supported services. Traditional IT asset management often relies on manual interventions, but Workwize addresses this gap with features like pre-configured devices and sustainable practices for repurposing equipment.
CEO and co-founder Michiel Meyer highlighted the inefficiencies faced by IT teams handling distributed workers:
“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.”
He further noted the vision behind 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.”
Workwize also focuses on sustainability by collaborating with ISO-certified vendors for recycling and reselling IT assets. These measures support environmentally responsible practices while addressing the challenges of IT equipment disposal.
By leveraging automation and global vendor relationships, Workwize offers enterprises a scalable solution to manage their IT hardware efficiently. While other platforms focus merely on asset tracking, Workwize’s approach eliminates manual interventions, allowing IT teams to prioritize strategic initiatives. With its planned U.S. expansion and AI advancements, the company is positioning itself as a key player in IT asset management for a global workforce.
