Workorb Raises $2.6M CAD in Seed Round
Workorb, a Toronto, Canada-based startup building AI-powered solutions tailored for the architecture, engineering, and construction (AEC) industry, has raised $2.6 million CAD in seed funding.
The round was led by Metavallon Ventures, with additional participation from Freedom of Innovation Ventures and other undisclosed investors.
Metavallon VC, an Athens, Greece-based venture capital fund, was founded in 2018 and manages over €50M. Currently investing from Fund II, Metavallon supports Seed and Seed+ stage companies with ticket sizes between €0.5M and €1.5M. The firm’s mission is to engage with early-stage companies operating at the forefront of business and technological innovation.
The company will use the funding to enhance its automation platform for the AEC sector.
Founded by Nick Koudas and Nilesh Bansal, Workorb automates non-billable tasks for customer-facing teams in the AEC industry—such as proposal drafting, relationship management, and compliance data extraction—using AI-powered tools that read and organize data from documents, designs, and drawings. Adopted by prominent AEC firms, Workorb aims to address the industry's data challenges to facilitate broader AI integration.
Funding Details
Company: Workorb Inc.
Raised: CAD 2.6M
Round: Seed Round
Funding Date: November 2024
Lead Investor: Metavallon Ventures
Additional Investor: Freedom of Innovation Ventures
Company Website: https://www.workorb.com/
Software Category: Non-Billable Work Automation