WorkClout pitch deck to raise $2.3m Seed round
Back To The CollectionThis is the WorkClout pitch deck to raise a $2.3m seed round in 2020.
About
WorkClout is building the future of manufacturing. WorkClout is a SaaS company that helps manufacturers increase their operational efficiency. WorkClout tracks every action on the factory floor and uses the data to make suggestions on how to increase efficiency.
WorkClout, a US software startup and Y Combinator graduate, has raised $2.3 million in seed funding.
The firm, founded in 2018 by CTO Richard Girges, CEO Arjun Patel and CPO Bryan Trang, started out helping manufacturers make the transition to automation – but has since pivoted to focus on employee performance.
After interviewing more than 100 manufacturers, WorkClout found most manufacturers needed help training their frontline workers.
As a result, the firm designed a new tool to help businesses train employees in-house, allocate tasks and provide detailed instructions for those taking on new responsibilities.
“We realized there was kind of a ceiling to what we were doing,” Patel told Business Insider.
“The new mission was to become a kind of Swiss army knife for frontline employees, so they can use our platform to be as productive as possible, and get a sense of exactly what they need to do.”
In the wake of the coronavirus pandemic, which has forced millions of Americans to take time off work, WorkClout has started offering its services to manufacturers on an “emergency” basis – and is in talks to help hospitals too.
“We’re in talks with one hospital at the moment,” said Patel. “Obviously, with the need to self-isolate once you show symptoms, there’s an urgent need for health workers to be deployed and allocated tasks as efficiently as possible.
Funding rounds
Announced Date
|
Transaction Name | Number of Investors | Money Raised | Lead Investors |
April 7, 2020 | Seed Round – WorkClout | 6 | $2.3M | Spider Capital |
Mar 18, 2019 | Pre Seed Round – WorkClout | 3 | $150K | Y Combinator |
Mar 1, 2019 | Seed Round – WorkClout | 1 | — | — |
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