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 1346 active competitors, including 110 funded and 83 that have exited. Its top competitors include companies like Shopify, AnyMind Group and Cart.com.
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.
- Website
- workarea.com
Key Metrics
Founded Year
1994
Location
Philadelphia, United States
Stage
Acquired
Total Funding
$12M in 3 rounds
Latest Funding Round
Investors
Ranked
94th among 1346 active competitors
Employee Count
19 as on Dec 31, 2020
Exit Details
Acquired by VTEX (Feb 10, 2021)
Legal entities associated with Workarea
Workarea is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
WebLinc Corp. CIN: 471584628 , United States, Active | - | 19 (As on Dec 31, 2020) | - |
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 | 8392545 | Series A | 8235211 | 4343660 | 8248290 | 2211659 |
Aug 15, 2017 | 5733929 | Venture Debt | 6671241 | 8000589 | 2510262 | |
Aug 25, 2014 | 1371821 | Series A | 1661016 | 4629830 | 9944216 |
View details of Workarea's funding rounds and investors
Workarea's founders and board of directors
Founder? Claim ProfileThe founders of Workarea are Jason Hill and Darren Hill.
Here are the details of Workarea's key team members:
- Jason Hill: Former Co-Founder & CTO of Workarea.
- Darren Hill: Co-Founder of Workarea. Contact Info: 1 email address
View details of Workarea's Founder profiles and Board 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:
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Workarea's Competitors and alternates
Top competitors of Workarea include Shopify, AnyMind Group and Cart.com. Here is the list of Top 10 competitors of Workarea, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of an all-in-one commerce platform for businesses of all sizes | $122M | 87/100 | ||
2nd | AnyMind Group 2016, Minato (Japan), Public | Provider of e-commerce, marketing, and manufacturing platforms | $91.7M | 74/100 | |
3rd | Cart.com 2020, Houston (United States), Series D | Provider of unified commerce and logistics solutions for business growth | $735M | 71/100 | |
4th | BigCommerce 2009, Austin (United States), Public | Provider of ecommerce platform and related services for online businesses | $233M | 71/100 | |
5th | etaily 2020, Metro Manila (Philippines), Series A | Provider of software suite solutions for e-commerce businesses | $24M | 70/100 | |
6th | ShopUp 2017, Dhaka (Bangladesh), Series B | Retailer of neighborhood shops and clothing | $198M | 70/100 | |
7th | SPS Commerce 1998, Minneapolis (United States), Public | Provider of cloud-based platform for retail supply chain management solutions | $50.5M | 68/100 | |
8th | Global-e 2013, London (United Kingdom), Public | Provider of platform simplifying cross-border e-commerce for merchants and global shoppers | $100M | 66/100 | |
9th | Archive 2021, San Francisco (United States), Series B | Provider of software suite solutions for recommerce fashion brands | $54M | 66/100 | |
10th | Provider of shopping cart solutions to merchants | $9M | 65/100 | ||
94th | Workarea 1994, Philadelphia (United States), Acquired | Cloud-based software solution to create online stores for e-tailers | $12M | 39/100 |
Looking for more details on Workarea's competitors? Click here to see the top ones
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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VTEX Acquires Cloud Commerce Platform Workarea, Accelerating Expansion and Market Momentum in the U.S. and CanadaMarTech Series•Feb 10, 2021•VTEX, Workarea
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BVAccel Expands eCommerce Service Offering With Acquisition of WebLinc's Internal Commerce AgencyPR Newswire•Apr 10, 2019•Brand Value Accelerator, Workarea
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Weblinc Secures $6 Million In Funding To Scale Up Platform DevelopmentRetail TouchPoints•Aug 16, 2018•Workarea, WebLinc, Montage Capital, Partners For Growth
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Reformation Launches Next-Gen Shopping Experiences on the Workarea Commerce PlatformPRWeb•Jun 01, 2018•Workarea
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