Workload Management Startup Workiz Raises $5 Million

Israel-based Workiz Inc. has raised $5 million in a series A round, the company announced Wednesday. The round was led by Magenta Venture Partners with participation from existing investor Aleph Venture Capital.

Founded in 2018 and based in Tel Aviv, Workiz develops a mobile app for managing teams and clients intended for small businesses. The company is headed by CEO Adi Azaria, who previously co-founded Israel-based business intelligence startup Sisense Ltd., which has raised $200 million to date.