Worklete, Inc.

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Worklete, Inc. - overview

Established

2015

Location

Oakland, CA, US

Primary Industry

Education/Training

About

Worklete, Inc. is dedicated to enhancing workplace safety through innovative technology solutions, specifically aimed at reducing injuries for frontline workers in demanding environments. Worklete, Inc. was founded in 2015 and is headquartered in Oakland, US.


The company specializes in providing safety solutions for deskless workers and has undergone strategic pivots to enhance its technology offerings. It has received a total of USD 6. 50 mn in funding through a Series A round led by Trinity Ventures, with other investors including Aspect Ventures, Kapor Capital, and RiverPark Ventures. The latest funding round on January 25, 2022, matched their total amount raised, which is USD 6.


50 mn. The company has been a target for investments in four deals to date, reflecting its importance in the safety technology landscape. Worklete, Inc. offers a comprehensive suite of safety solutions designed for deskless workers, including the SafeWork System which features the SafeWork Sensor and SafeWork Training.


The SafeWork Sensor is a wearable device that provides real-time feedback to enhance workplace safety and collects data to generate AI-powered insights. The SafeWork Training component employs AI-driven risk assessments to deliver tailored microlearning content, thereby continuously improving safety knowledge. The company primarily serves clients in North America and Europe, particularly those focused on employee safety and compliance with evolving regulations. Worklete, Inc.


generates revenue through direct sales and subscription services linked to its flagship products, the SafeWork Sensor and SafeWork Training program. Clients typically purchase the SafeWork Sensor and pay ongoing subscription fees for access to the SafeWork Training platform, which offers continuous content updates. This model allows companies to invest in both equipment and training, supporting a structured approach to workplace safety improvement. Following its acquisition in January 2022 by Stage Fund and Clear Stream Partners, Worklete, Inc.


aims to enhance its technology platform to better serve frontline workers and reduce injuries. The company plans to explore new product launches tailored for safety enhancement and strategies for geographic expansion. The recent funding will be utilized to realize these initiatives, aligning with the company's goal of becoming a leader in safety technology.


Current Investors

Edited Capital Management, Clear Stream Partners, LaunchCapital

Primary Industry

Education/Training

Sub Industries

Education & Training Website, Web Applications, Education & Training Software

Website

www.worklete.com

Verticals

EdTech, Mobile Apps

Company Stage

Mature

Total Amount Raised

Subscriber access only

Worklete, 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)
Secondary BuyoutCompletedWorklete, Inc.-

Displaying 1 - 1 of 1

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.