WorkMotion raised $50m in debt and Series B equity funding led by Canaan Partners and joined by Activant Capital, XAnge and Picus Capital.

WorkMotion, a Berlin, Germany-based developer of a SAAS solution for HR purposes, announced raising series B closed at $50 million.

The money includes $40 million in equity plus additional debt financing - the equity was raised from a range of investors led by Canaan Partners and joined by Activant Capital, XAnge, Picus Capital, Heliad Equity Partners and GR Capital.

Proceeds will be used to expand the automation capabilities of WorkMotion’s Global Talent OS platform.

WorkMotion was founded in 2020 by Carsten Lebtig and CEO Karim Zaghloul and developed a HR platform enabling companies to hire & onboard their employees internationally, without third parties and provides benefits for remote-first teams, such as managing ‘work-from-abroad’ requests. The company says it handles business for more than 500 customers. It previously raised series A in August 2021 and was seeded in 2020.