Deal: Werk
Intro request: Interested to get in touch with founders
Overview
AI tool for verifying construction workers' competency. Creates predictive data on safety and quality risks. Aims to become the LinkedIn for verified construction skills.
Paying customers include JATKE, Stanmore, and Errigal. Pipeline includes major firms like DPR Construction, Skanska, and EllisDon. Recognized by European Labour Authority and City of London Task Force.
Founders and employees currently hold 82%. Speaker at Web Summit 2022. Partner to EURES and Uzbekistan Government for labor migration verification.
Backstory
Werk is a portfolio company of Change Ventures, having make a pivot from the initial idea during 2023. As things stand, company is in the process of closing the Seed stage round to pursue the new, validated direction.
Company is currently in touch with several local (and not only) VCs, also attracting some attention from the profiled business angels, who are also participating in the current round.
There is quire substantial additional information available and in case of interest you can be connected to the existing investors for more information.
Key info
Founders: Martin Kalamees (CEO & Co-founder) / Marion Kallakas (COO & Co-founder)
Round size: 500k€ / Seed
Available allocation: 200k€
Participating Investors: Change Ventures / Business Angels