Waterfront advises Workable on $1.5 million investment
Mar 25, 2014
Waterfront client, Workable, a start-up offering a cloud-based recruitment platform for SMEs, recently received new investment of US$ 1.5 million from investors led by Greylock IL, the Israel/UK-based affiliate of Greylock Partners, a leading Silicon Valley venture capital firm. Workable has previously raised $950,000 from angel investors and the Greek seed capital fund, The Openfund, with the latter also participating in the latest round.
Waterfront’s Head of Corporate, Matt Cunningham, assisted by Patrick Peake and Fifi Conroy, advised on all English law aspects of the deal. Nayia Antoniou, Workable’s Greek lawyer, advised on the Greek law aspects. Matt Cunningham said: “We are delighted to have Workable as a client. Greylock has invested in numerous businesses that have gone on to be very successful and its interest in Workable is an endorsement of the company’s achievements to date and its future potential.”
Workable CEO, Nikos Moraitakis, said: “This investment is very important for the company and we’re really pleased we chose Waterfront to advise us. Matt Cunningham provided excellent, practical advice throughout in a clear and accessible way. We have been with Waterfront since we first started the business and I would recommend them to tech start-ups without hesitation."