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Workarea - About the company

Workarea is an acquired company based in Philadelphia (United States), founded in 1994 by Jason Hill and Darren Hill. It operates as a Cloud-based software solution to create online stores for e-tailers. Workarea has raised $12M in funding from investors like Safeguard Scientifics, Montage Capital and Partners For Growth. The company has 1096 active competitors, including 107 funded and 84 that have exited. Its top competitors include companies like Shopify, Squarespace and BigCommerce.

Company Details

Workarea is a cloud-based software solution to create online stores for e-tailers. Its features include payment gateways, order & inventory management, CRM, PIM, marketing tools, reporting & analytics and more. Clients include Reformation, Ren's Pets, Lonely Planet and more.
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Part Of
Key Metrics
Founded Year
1994
Location
Philadelphia, United States
Stage
Acquired
Total Funding
$12M in 3 rounds
Latest Funding Round
Ranked
Employee Count
19 as on Dec 31, 2020
Similar Companies
Exit Details
Acquired by VTEX (Feb 10, 2021)

Workarea's acquisition details

Workarea got acquired by VTEX on Feb 10, 2021.
Click here to take a look at Workarea's acquisition in detail
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Workarea's funding and investors

Workarea has raised a total funding of $12M over 3 rounds. Its first funding round was on Aug 25, 2014. Its latest funding round was a Series A round on Aug 23, 2018 for $*****. 2 investors participated in its latest round. Workarea has 5 institutional investors.

Here is the list of recent funding rounds of Workarea:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Aug 23, 2018
8574906
Series A
3208155
3670463
5849740
5426346
Aug 15, 2017
1092667
Venture Debt
3342716
1117466
4260791
Aug 25, 2014
8781279
Series A
9985465
8035643
8745158
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Workarea's founders and board of directors

Founder? Claim Profile
The founders of Workarea are Jason Hill and Darren Hill.
Here are the details of Workarea's key team members:

Workarea's employee count trend

Workarea has 19 employees as of Dec 20. The total employee count is 30.0% lower than what it was in Dec 19. Here is Workarea's employee count trend over the years:
Employee count trend for Workarea
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Workarea's Competitors and alternates

Top competitors of Workarea include Shopify, Squarespace and BigCommerce. Here is the list of Top 10 competitors of Workarea, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Shopify
Shopify
2006, Ottawa (Canada), Public
Provider of an all-in-one commerce platform for businesses of all sizes
$122M
87/100
2nd
Logo for Squarespace
Squarespace
2003, United States, Acquired
Provider of tools for website creation, hosting, and online business
$591M
82/100
3rd
Logo for BigCommerce
BigCommerce
2009, Austin (United States), Public
Provider of ecommerce platform and related services for online businesses
$233M
74/100
4th
Logo for ShopUp
ShopUp
2017, Dhaka (Bangladesh), Series B
Retailer of neighborhood shops and clothing
$198M
73/100
5th
Logo for AnyMind Group
AnyMind Group
2016, Minato (Japan), Public
Provider of e-commerce, marketing, and manufacturing platforms
$91.7M
72/100
6th
Logo for CommerceIQ
CommerceIQ
2012, Mountain View (United States), Series D
Provider of unified AI platform for retail ecommerce sales and optimization
$196M
71/100
7th
Logo for Cart.com
Cart.com
2020, Houston (United States), Series D
Provider of unified commerce and logistics solutions for business growth
$735M
69/100
8th
Logo for etaily
etaily
2020, Metro Manila (Philippines), Series A
Provider of software suite solutions for e-commerce businesses
$24M
69/100
9th
Logo for Commercetools
Commercetools
2006, Munich (Germany), Acquired
Provider of a platform for enterprise digital commerce and related services
$291M
67/100
10th
Logo for SPS Commerce
SPS Commerce
1998, Minneapolis (United States), Public
Provider of cloud-based platform for retail supply chain management solutions
$50.5M
67/100
92nd
Logo for Workarea
Workarea
1994, Philadelphia (United States), Acquired
Cloud-based software solution to create online stores for e-tailers
$12M
39/100
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Workarea's Investments and acquisitions

Workarea has made no investments or acquisitions yet.

Reports related to Workarea

Here is the latest report on Workarea's sector:

News related to Workarea

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