Workstream - About the company
Workstream is a series B company based in San Francisco (United States), founded in 2017 by Lei Xu and Max Wang. It operates as a Provider of HR, payroll, and hiring platform for hourly workforce. Workstream has raised $120M in funding from investors like Founders Fund, GGV Capital and Coatue, with a current valuation of $*****. The company has 922 active competitors, including 63 funded and 63 that have exited. Its top competitors include companies like Razorpay, Yonder and Argyle.
Company Details
Provider of HR, payroll, and hiring platform for hourly workforce. The platform streamlines human resources tasks, reduces labor costs, and simplifies operations. It offers features such as time and attendance tracking, employee scheduling, and payroll processing. The platform also provides tools for applicant tracking, onboarding, and employee engagement.
- Website
- www.workstream.us/
- Social
- Email ID
- *****@workstream.is
- Phone Number
- +1 **********
- Registered Address
- Fairfield, Ohio
Key Metrics
Founded Year
2017
Location
San Francisco, United States
Stage
Series B
Total Funding
$120M in 3 rounds
Latest Funding Round
Post Money Valuation
$***** as on Sep 29, 2022
Investors
Ranked
3rd among 922 active competitors
Employee Count
259 as on Apr 30, 2026
Legal entities associated with Workstream
Workstream is associated with 4 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
WORKSTREAMS LTD CIN: 14344450 , United Kingdom, Active | Sep 07, 2022 | - | 1 (As on Sep 30, 2025) | |
WORKSTREAM, INC. CIN: 311276329 , United States, Active | Dec 31, 1999 | - | 54 (As on Dec 31, 2024) | - |
WORKSTREAM TECHNOLOGIES INC. CIN: 813344636 , United States, Active | Dec 31, 1999 | - | 119 (As on Dec 31, 2022) | - |
WORKSTREAM INC CIN: 13112763290 , United States, Active | $5M - $25M (As on Jan 04, 2011) | - | - |
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Workstream's funding and investors
Workstream has raised a total funding of $120M over 3 rounds. Its first funding round was on May 07, 2020. Its latest funding round was a Series B round on Sep 29, 2022 for $*****. 23 investors participated in its latest round. Workstream has 28 institutional investors and 25 angel investors.
Here is the list of recent funding rounds of Workstream:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 29, 2022 | 3611103 | Series B | 6922804 | 4007695 | 3164925 | 7740964 |
Aug 26, 2021 | 3303149 | Series B | 1241670 | 3131222 | 6549308 | |
May 07, 2020 | 8270326 | Series A | 7583170 | 5644590 |
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Workstream's founders and board of directors
Founder? Claim ProfileHere are the details of Workstream's key team members:
Workstream's Board of Directors
Workstream's board has 4 active members. Keith Rabois, Lei Xu, Ruoyu Wang and Huang Hui Lim are independent board members.Here is the list of Workstream's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 4y 8m | |
ovpklgs | Independent board member | - | Current | 4y 4m |
nxg{bov | Independent board member | - | Current | 3y 9m |
yjbwaig | Independent board member | - | Current | 4y 2m |
View details of Workstream's Founder profiles and Board Members
Workstream's employee count trend
Workstream has 259 employees as of Apr 26. Here is Workstream's employee count trend over the years:
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Workstream's Competitors and alternates
Top competitors of Workstream include Razorpay, Yonder and Argyle. Here is the list of Top 10 competitors of Workstream, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of payment and business banking solutions for enterprises | $742M | 86/100 | ||
2nd |  Yonder 2020, London (United Kingdom), Series B | Online platform to discover & book outdoor tours | $81.4M | 76/100 | |
3rd |  Workstream 2017, San Francisco (United States), Series B | Provider of HR, payroll, and hiring platform for hourly workforce | $120M | 73/100 | |
4th |  Argyle 2018, New York City (United States), Series B | Provider of consumer-permissioned income, employment, and asset verification data services | $111M | 71/100 | |
5th |  Hourly 2018, Palo Alto (United States), Series A | Cloud-based payroll management for enterprises | $34.1M | 67/100 | |
6th | Provider of enterprise resource planning, payroll, and logistics software solutions | - | 67/100 | ||
7th | Provider of earned wage access, payroll, and business financing solutions | $19.1M | 66/100 | ||
8th |  Bitwage 2013, San Francisco (United States), Acquired | Payroll and invoicing solutions for cryptocurrencies | $2.26M | 65/100 | |
9th |  Ontop 2020, Houston (United States), Series A | Provider of payroll software and HR compliance solutions for global teams | $26M | 65/100 | |
10th | Fintech company offering a corporate card solution for businesses | $151M | 65/100 |
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Workstream's Investments and acquisitions
Workstream has made no investments or acquisitions yet.
News related to Workstream
Filter this listMedia has covered Workstream for 1 event in last 1 year, It was about partnerships.
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MenuSifu Partners Workstream to Simplify Restaurant Hiring & HRRad AI•Nov 20, 2025•Workstream, Menusifu
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Workstream Partners with Instant Financial for Faster Payroll OptionsRad AI•May 15, 2025•Workstream, Instant
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Workstream Enters Into Strategic Partnership With Nadeem Bajwa’s BE SolutionsBusiness Wire•Dec 12, 2024•Workstream, BE Solutions, Workstream
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Workstream Welcomes Restaurant Industry Leader Nadeem Bajwa as Strategic AdvisorBusiness Wire•Nov 13, 2024•Workstream
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Workstream Launches First All-in-One Payroll Solution for the Hourly WorkforceBusiness Wire•Sep 30, 2024•Workstream
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Surcheros® Announces First Franchise Deal in TennesseeBusiness Wire•Jul 23, 2024•Surcheros Fresh Mex, Workstream
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