Start-up WorkFusion attracted $35 mln investment. REVERA supported the project
REVERA`s team (associated partner and the head of Corporate practice Helen Murashko, the lawyers Tatyana Boychuk and Artem Handriko) assisted in the IP process and corporate Due Diligence, as well as provided legal support on the part of Belarusian office.
American-Belarusian start-up WorkFusion, automatizing business processes based on machine learning, attracted $35 million investment in D-Round from the group of companies headed by the venture fund Georgian Partners.
Mohr Davidow Ventures, iNovia, Nokia Growth Partners (NGP), Greycroft and RTP Venture, which had already invested in the start-up earlier, also took part in the round. Thus, the overall volume of the investments attracted by WorkFusion reached $71 mln.
WorkFusion specializes in the development of the products which help corporations automize up to 90% of mindless drudgery of office workers with the aid of crowdsourcing and machine learning, as well as increase the efficiency of the front office while working with the clients fivefold. One of the priorities of the company is « to simplify the procedure of the development of the business processes to the maximum».
The company founded by Max Yankelevich and Andrey Volkov seven years ago has a headquarters in New York and offices in Minsk and Delhi. What is more, most of the staff of the start-up with over 100 people is located in the capital city of Belarus.