Wurkr raises $1.4 million Seed funding

Wurkr, which provides virtual workspaces, has raised over £1 million (around $1.4 million or Rs 10.2 crore) in a seed round.

The round was led by Hindustan Media Ventures Ltd, the company behind Hindustan and other media brands, which invested £700,000.

As part of the round, the company also raised £188,000 from equity crowdfunding platform Seedrs, whose angel investor Yan van de Velde accounted for £100,000 of that sum.

As part of the round, Van de Velde also committed a further £100,000, and Wurkr exercised a convertible loan note.

Wurkr, set up in 2018 by Annil Chandel, claims it has over 88,000 subscribers and 2,400 organizations using its product in the UK and Indian markets. The firm is based in the United Kingdom and India.