Workhuman Valuation, Funding & Investors

Workhuman is valued at $1.2B as of June 2020.

Last Workhuman valuation

$1.2B

Secondary · Jun 2020

Key investors in Workhuman

Workhuman Overview

About Workhuman

Workhuman is a provider of employee recognition and rewards software headquartered in Framingham, Massachusetts, with operations in Dublin, Ireland. Formerly known as Globoforce, the company delivers SaaS platforms that enhance engagement and culture adoption for global enterprises. Workhuman powers programs for clients including Microsoft, Cisco, and Unilever, integrating with HR systems like Workday and ServiceNow. The platform supports peer-to-peer recognition, milestone awards, and analytics across multiple languages and regions.


Founded

1999

HQ

IrelandDublin

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$1.2B (Jun 2020)

Workhuman Valuation

Workhuman is currently valued at $1.2B, based on its secondary sale in June 2020.

The $121M round was led by Intermediate Capital Group.

Workhuman valuation by funding round

Workhuman valuation by funding round
DateStageValuation
Jun 2020Secondary$1.2B

Workhuman Funding History

Workhuman has 1 recorded secondary share sale and no primary funding rounds.

Workhuman funding rounds

Workhuman funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2020SecondaryIntermediate Capital Group (lead)$121M$1.2BWorkhuman is an employee recognition software company headquartered in Dublin, Ireland, offering Social Recognition and Continuous Performance Management platforms to enhance employee engagement. In June 2020, it completed a secondary market transaction raising USD 108 million led by Intermediate Capital Group to provide liquidity to early supporters, with a valuation of USD 1.2 billion. The deal aligns with the specified investor and approximate date of 23/06/2020. Prior to this, Workhuman had raised a total of USD 131.5 million across multiple rounds, including earlier investments from Kepha Partners. The platform serves millions of users globally, with later milestones including 8 million users across 180 countries and over USD 1 billion in annual e-commerce spend in its corporate reward marketplace.

Who has invested in Workhuman?

1 investor has backed Workhuman across its funding rounds, including Intermediate Capital Group.

Lead investors include Intermediate Capital Group.


Workhuman Investors

Investors in Workhuman by funding rounds participated
InvestorHQRoundsRoleFirst check

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Workhuman Competitors

Workhuman competitors include listed companies like Freee and ATOSS Software, and private ones like Happyly, Creatio, Employment Hero and Gem.

Public and private companies comparable to Workhuman
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
HappylyUnited StatesWashington, DCPrivate--$1.1B-
CreatioUnited StatesBoston, MAPrivate--$1.2B-
Employment HeroAustraliaSydneyPrivate$213M-$1.2B5.6x
GemUnited StatesSan Francisco, CAPrivate--$1.2B-
FreeeJapanJapanPublicly listed$214M$6M$1.5B4.8x
ATOSS SoftwareGermanyGermanyPublicly listed$218M$84M$1.7B6.4x

Workhuman Public Comps

Workhuman is still privately-owned, but its public comps include McMillan Shakespeare, Wondershare, Freee, Cybozu, Ireader, Opera, Weaver Network, Foxit Software, ATOSS Software and Hilan.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
McMillan Shakespeare$336M$179M4.5x3.5x8.4x11.4x
Wondershare$229M($6M)6.3x6.4x(231.3x)(175.1x)
Freee$214M$6M6.3x4.8x237.7x65.4x
Cybozu$241M$84M3.4x3.1x9.8x9.2x
Ireader$484M($16M)2.7x3.5x(81.1x)-
Opera$615M$141M2.4x2.1x10.5x9.2x
Weaver Network$341M$43M4.4x4.2x34.6x28.3x
Foxit Software$159M$13M3.4x3.0x39.8x19.8x

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Common questions about Workhuman

When was Workhuman founded?Workhuman was founded in 1999.
Where is Workhuman headquartered?Workhuman is headquartered in Dublin, Ireland.
Is Workhuman publicly listed?No, Workhuman is a private, VC-backed company.
What is Workhuman's valuation?Workhuman was last valued at $1.2B in its secondary sale in June 2020.
Who are Workhuman's investors?Workhuman's investors include Intermediate Capital Group.
Which companies are comparable to Workhuman?Companies comparable to Workhuman include Happyly, Creatio, Employment Hero, Gem, Freee and ATOSS Software.

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