WorkJam, Inc.

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WorkJam, Inc. - overview

Established

2014

Location

Montreal, QC-Quebec, Canada

Primary Industry

Software

About

Based in Canada, WorkJam, Inc. operates as a workforce management platform, enhancing operational efficiency for frontline teams across various industries, including retail and healthcare. WorkJam, Inc. is a workforce management platform designed for deskless workers, founded in 2014 and headquartered in Montreal, Canada.


The company has successfully raised a total of USD 20. 00 mn, recently securing USD 20. 00 mn in its latest funding round from Export Development Canada on July 31, 2024. Mark Sadegursky is the founder of WorkJam, and Steven Kramer currently serves as the CEO.


WorkJam is a comprehensive platform designed to enhance the operational efficiency of frontline teams through an array of integrated solutions. Its core offerings include task management, employee communication, training, staffing, and shift management, aimed at addressing key challenges faced by deskless workers in various industries, such as retail, healthcare, and logistics. The platform facilitates seamless communication and real-time information exchange among team members, enabling organizations to optimize their workforce management practices. WorkJam serves a diverse clientele, including large enterprises such as Woolworths and various industry sectors worldwide, including North America, the Asia-Pacific region, and Europe.


The company’s tools empower end users—namely frontline workers—by providing them with self-service capabilities, multilingual communication, and flexible scheduling options, which significantly enhance engagement and operational effectiveness. WorkJam generates revenue primarily through subscription-based models tailored to its suite of services. Clients, including enterprise-level organizations, typically engage in annual contracts that include access to the platform's various functionalities such as task management and training solutions. The subscription structure allows for scalable pricing, accommodating the needs of businesses with different workforce sizes.


Specific flagship offerings, such as ExpressPay, are designed to alleviate financial stress for frontline employees by providing on-demand pay options. WorkJam's transactions are structured as B2B agreements, ensuring that clients receive comprehensive support and integration services alongside the platform’s core functionalities. This approach underscores the company’s commitment to delivering value through its innovative solutions to enhance workforce productivity and engagement. In July 2024, WorkJam, Inc.


raised USD 20. 00 mn in venture funding from Export Development Canada. The company intends to utilize this funding to accelerate its growth and expand operations in the EMEA region, focusing on new product launches and geographic market expansion in the coming years.


Current Investors

Blumberg Capital, Lerer Hippeau Ventures Management, Founder Collective

Primary Industry

Software

Sub Industries

Web Applications, Social Networking & Communication Platform, HR & Workforce Software, Content Management Software, Analytics & Performance Software

Website

www.workjam.com

Verticals

Mobile Apps, Social Media

Company Stage

Series D

Total Amount Raised

Subscriber access only

WorkJam, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Unspecified RoundCompletedWorkJam, Inc.-
Series DCompletedWorkJam, Inc.-
GrowthCompletedWorkJam, Inc.-
Series CCompletedWorkJam, Inc.-
Add-on, Trade SaleCompletedForge Technologies-

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WorkJam, Inc. - employee data

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