WorkStep, a US-based developer of resource management for supply chain workers, disclosed $17.2m in funding yesterday from investors including Prologis Ventures, the investment arm of logistics centre operator Prologis.
The funding consisted of a $6.7m seed round featuring Prologis Ventures and a $10.5m series A led by venture capital firm FirstMark Capital and backed by Prologis Ventures. The company has not revealed when it closed either round.
Founded in 2017, WorkStep provides a cloud software platform that helps organisations find and retain frontline supply chain staff. It has earmarked the series A proceeds for technology development and recruitment.
Dan Johnston, WorkStep’s co-founder and chief executive, said: “This past year, we saw increasing dependence on supply chain labour to fulfil our basic needs.
“But with record turnover leaving supply chains understaffed and the remaining workers stretched thin, WorkStep’s technology that improves new hire fit and lifts post-hire satisfaction is crucial to retaining this critical worker segment.”
