5 million euros for awork in Series A funding
Hamburg-based startup awork has received 5 million euros in a Series A funding round to further develop its work management tool. The money comes from Hi Inov-Dentressangle, a European B2B fund focused on tech investments, and Swiss Post Ventures, the venture capital arm of Swiss Post. Also involved are various existing investors.
awork aims to double the number of customers
awork was founded by Tobias Hagenau, Lucas Bauche and Nils Czernig. The company emerged from the exit of the software startup HQLabs and uses its tool to support teams in their digital collaboration. The startup has the ambition to compete with international providers such as asana, Monday.com or Trello. Currently, awork employs over 30 people, and plans to hire another 15 with the fresh capital. The company is also aiming to double the number of users. This number is already over 17,000, distributed among around 2,200 corporate customers, including thjnk, fischerAppelt, Ströer and EnBW. As recently as November 2022, awork had secured 2 million euros via bridge financing.
