Workable (software)

Workable Software
IndustrySoftware
Founded2012; 14 years ago (2012) in Athens, Greece
Founders
  • Nikos Moraitakis
  • Spyros Magiatis
Headquarters
Boston, Massachusetts
,
U.S.
Areas served
Worldwide
Key people
Nikos Moraitakis (CEO)
Websiteworkable.com

Workable is a software-as-a-service (SaaS) company that provides a recruitment and human resources (HR) management platform. It is based in Boston, Massachusetts.[1]

History

Workable was founded in 2012 in Athens, Greece by Nikos Moraitakis and Spyros Magiatis.[2][3][4] Over the years, Workable has opened offices in Boston, Massachusetts; London, United Kingdom; Athens, Greece; and Singapore.[5]

In 2013, Workable received seed funding from the Greek investment firm Openfund.[6][7] A year later, in 2014, it received a $1.5 million investment from Greylock Israel.[8][4][9]

In 2015, Workable raised $27 million in a Series B funding round led by Balderton Capital.[3]

In 2018, Zouk Capital invested $50 million in Workable.[10][11]

In 2020, Workable was included on the Financial Times FT 1000 list of Europe's fastest-growing companies.[12]

Platform

Workable provides cloud-based applicant tracking and recruitment software. The software uses predictive algorithms to recommend candidates for a position based on recruitment and personal data collected from online sources.[10] The platform's features were later expanded to include tools for onboarding, employee management, and performance monitoring.[10] A human resources information system (HRIS) was launched in 2024.[13]

Reception

Workable was reviewed by Juan Martinez and Gadjo Sevilla of PCMag in 2019 and wrote positively about the software.[14] Similarly, its platform was reviewed by TechRadar in 2022.[15]

References

  1. ^ Ioannou, Lori. "8 Greek innovators defying the odds". CNBC.
  2. ^ "Greek technology entrepreneurs win funds for start-ups".
  3. ^ a b Kolodny, Lora. "Workable Raises $27 Million to Help Small Businesses Compete for Talent". WSJ.
  4. ^ a b Lunden, Ingrid (7 March 2014). "Workable Raises $1.5M From Greylock IL To Build Cloud-Based Recruitment Software For SMEs". TechCrunch.
  5. ^ "Tech Start-Ups Bloom in Recession-Hit Greece". Time.
  6. ^ Wauters, Robin (4 March 2013). "Workable Makes It Easier For Companies To Hire, Raises $780K". TNW.
  7. ^ Butcher, Mike (26 February 2015). "Hiring SaaS Platform Workable Raises Another $5M".
  8. ^ Kitsantonis, Niki (24 March 2014). "With Start-Ups, Greeks Make Recovery Their Own Business" – via New York Times.
  9. ^ "Recruiting platform Workable gets $1.5M to make hiring a breeze". VentureBeat. 8 March 2014.
  10. ^ a b c "Recruitment software maker Workable raises $50M". Boston Business Journal.
  11. ^ Wauters, Robin (20 November 2018). "Greece-born recruiting software scale-up Workable lands $50 million round to spur growth". Retrieved 28 January 2025.{{cite web}}: CS1 maint: deprecated archival service (link)
  12. ^ "FT 1000: the fourth annual list of Europe's fastest-growing companies". Financial Times. 2 March 2020.
  13. ^ https://www.workable.com/features
  14. ^ "Workable Review". PCMag.
  15. ^ Jennings, Mike (21 February 2022). "Workable hiring service review". TechRadar.

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