Wurk, a cannabis human capital firm, raises $ 3.5 million


Work, a human capital management firm for the cannabis industry, this week announced the closing of an oversubscribed $ 3.5 million Series AA financing round, entirely made by existing investors.

The round was led by Wurk Investment Partnership, with participation from Poseidon Asset Management, Salveo Capital and The Arcview Group, among others.

Wurk currently works with 80% of the country’s top MSOs and has over 70% market share in the combined market for HRMS cannabis technology for midsize and businesses. With the additional capital, Wurk will expand its product integration capabilities and improve customer support across all touch points to enhance its value offering for customers. In addition, Wurk will invest in employee training programs to accelerate product knowledge and expertise.

“As the cannabis industry continues to grow and experience the complexities surrounding HCM solutions, we look forward to using this increase, which was fully funded by existing investors, to continue advancing our robust and automated software. needed to help businesses manage and effectively manage their growing workforce, ”CEO Scott Kenyon told Benzinga. “We are excited to put this additional capital to good use, expanding our product integration capabilities and customer support experience across all channels to enhance value for our customers. “

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