Charma
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Charma - overview
Established
2018
Location
Westwood, MA-Massachusetts, US
Primary Industry
Software
About
WorkPatterns, Inc. is a US-based company that specializes in talent optimization solutions, enhancing hiring, management, and employee engagement processes through innovative tools and assessments. Founded in 2018 and headquartered in Westwood, US, WorkPatterns, Inc. focuses on talent optimization.
The company has achieved two distinct funding rounds. The latest funding, a Seed round, occurred on October 1, 2023, raising a total of USD 2. 800 mn from investors including Founders Fund, Javelin Venture Partners, and Merus Capital. The company is co-founded by Adam Berke, Dmitri Skjorshammer, and Noah Duncan, with Adam Berke serving as CEO.
WorkPatterns offers a suite of science-backed talent optimization solutions that include assessments analyzing behavioral traits and cognitive abilities. Their products assist organizations in improving hiring processes, developing leadership skills, and enhancing team dynamics. The solutions, utilized by HR leaders and business managers, are deployed across various sectors in North America, Europe, and parts of Asia, specifically targeting companies eager to optimize their talent management strategies. WorkPatterns generates revenue through a subscription-based model for its assessment tools and Talent Optimization Platform.
Clients typically engage in annual subscriptions, granting access to various assessments and ongoing support from expert consultants. The tiered pricing structure includes different service levels and additional features such as leadership development resources, which drive B2B transactions as businesses invest in data-driven workforce optimization. In October 2023, WorkPatterns acquired Charma to enhance its talent optimization framework, utilizing recent funding to support this strategic move. The company aims to expand its market presence into new geographic regions, further investing in product development to introduce innovative talent optimization solutions.
Specific release dates or details regarding upcoming products have not been disclosed.
Current Investors
Founders Fund, Merus Capital, Javelin Venture Partners
Primary Industry
Software
Sub Industries
Web Applications, Application Integration Software, Content Management Software, Sales & Marketing Software
Website
www.workpatterns.com
Verticals
Cloud Computing
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Charma - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Charma | - | ||||||||
| Seed | Completed | Charma | - |
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Charma - employee data
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