Workpath in a €10.5 million Series A round backed by Capnamic Ventures and Iris Capital.

Workpath, a Munich, Germany-based B2B SAAS developer of a central hub for business management and collaboration, announced raising €10.5 million ($12.4M) in Series A.

The money was raised from investors led by German VC Capnamic Ventures and French VC Iris Capital. Existing shareholders signals Venture Capital and High-Tech Gründerfonds were also contributors to the round.

Workpath, founded in 2017 by CEO Johannes Müller, Thomas Obermüller and Pascal Fritzen, helps companies to successfully implement their strategies through OKRs. They do this via a central hub service that integrates existing data sources and processes from project management, resource planning, and controlling functions, and links goals and metrics, ultimately organising teams around shared outcomes. Customers include Bosch, E.ON, and Ströer.

Workpath previously raised angel funding in the spring of 2021 and in the fall of 2020, when it was funded by signals Venture Capital.