Bluworks bags $1m pre-seed to automate workforce management
TLDR
- Egyptian HRTech firm bluworks secures $1 million in pre-seed funding round led by Khawarizmi Ventures and other investors.
- Founded in 2022, bluworks offers cloud-based SaaS platform for blue-collar employee lifecycle management in sectors like retail, construction, and healthcare.
- Bluworks aims to enhance blue-collar workforce management in the region, utilizing funding to expand operations in Egypt and potentially across the broader region.
Egyptian human resources technology (HRTech) firm bluworks has secured $1 million in a pre-seed funding round led by Saudi venture capital firm Khawarizmi Ventures, along with contributions from Camel Ventures, Acasia Ventures, and a group of angel investors.
Founded in 2022, bluworks offers a cloud-based software-as-a-service (SaaS) platform tailored for managing the entire lifecycle of blue-collar employees. This encompasses automating HR and operational tasks to streamline processes and optimize costs across sectors such as retail, construction, and healthcare.
With aspirations to become the premier solution for enhancing blue-collar workforce management in the region, bluworks aims to leverage this fresh funding to bolster its operations in Egypt and potentially expand its footprint across the broader region.
Key Takeaways
In Africa, startups digitizing the administrative stack for enterprise customers, also including Workpay, FaidiHR, SeamlessHR, Bento Africa, and Zuberi have a big market opportunity considering the growing appetite for enterprise software solutions among medium-to-large organizations on the continent. The Middle East and Africa’s cloud computing industry is expected to grow to $31.4 billion by 2026, from $14.2 billion in 2021, mainly driven by private sector funding and appetite for digital solutions.
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