Draft:Projectworks
{{Short description|Professional services automation software}}
{{Draft topics|software|business-and-economics|technology}}
{{AfC topic|product}}
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{{AFC comment|1=In accordance with the Wikimedia Foundation's Terms of Use, I disclose that I have been paid by my employer for my contributions to this article. PSAS0ftware (talk) 00:04, 24 June 2025 (UTC)}}
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Projectworks is a cloud-based professional services automation (PSA) software platform developed by Spiderworks Limited, a company based in New Zealand{{cite web | url=https://www.companyhub.nz/companyDetails.cfm?nzbn=9429042526582 | title=SPIDERWORKS LIMITED (NZBN: 9429042526582) - company information - Company Hub }}.
The platform was publicly launched in 2019{{cite web | url=https://www.projectworks.com/about-us | title=About Us }}, and is used by organizations in various countries, particularly in industries such as architecture, engineering, management consulting, and software services. As of 2025, the company reports that the software is used by over 600 businesses and approximately 15,000 consultants worldwide{{cite web | url=https://amcham.co.nz/Latest-News/13512305 | title=American Chamber of Commerce in New Zealand Inc - Projectworks raises $12M to expand its project automation platform }}.
Projectworks offers features that include time-tracking, invoicing, resourcing, forecasting, and reporting{{cite web | url=https://www.projectworks.com/features | title=Projectworks PSA Software Features Overview }}. It integrates with software products such as Xero, QuickBooks Online, MYOB, Jira, Azure DevOps, Salesforce, and Employment Hero{{cite web | url=https://www.projectworks.com/integrations-all | title=All Projectworks Software Integrations }}.
Projectworks has been described as emphasizing financial and project lifecycle intelligence, in contrast with tools that focus more on task-level project managementhttps://techcrunch.com/2023/03/15/projectworks-project-intelligence. Comparable software platforms include Scoro and Accelohttps://www.capterra.com/p/217472/Projectworks/.
History
Spiderworks Limited was founded in 2016 in Wellington, New Zealand, by Matt Hayter, Doug Taylor, and Julian Clarke. The Projectworks product was publicly launched in 2019.{{cite web | url=https://www.projectworks.com/about-us | title=About Us }}
In April 2022, the company raised NZD$3.5 million in seed funding at a total valuation of NZD$15 million, led by Punakaiki Fund and facilitated through Snowball Effect.{{cite web | url=https://punakaikifund.co.nz/punakaiki-fund-leads-3-5-million-funding-round-in-projectworks/ | title=Punakaiki Fund leads $3.5 million funding round in Projectworks | date=3 May 2022 }}
In March 2024, Projectworks announced a change in leadership, with co-founder Matt Hayter stepping down as CEO to assume the role of Chief Product Officer. Mark Orttung, formerly COO of Bill.com and CEO of Nexient, was appointed as the new CEO.{{cite web | url=https://www.bridgewestgroup.com/company-news/projectworks-appoints-ceo-cpo-president-for-international-growth | title=Projectworks appoints CEO, CPO & President international growth }}
The company raised US$5 million (NZD$8.2 million) in October 2024 as part of a Series A funding round at a valuation of US$100 million.{{cite web | url=https://www.nzherald.co.nz/business/wellington-startup-projectworks-raises-8m-at-100m-valuation-hires-silicon-valley-ceo-injects-ai/JF4OCO5J75B3JOVHJTMH6YFHFM/ | title=Wellington start-up raises $8m, hires Silicon Valley CEO, injects AI | date=18 June 2024 }} In June 2025, Projectworks announced the completion of this round, raising NZD$25 million from investors including Ten Coves Capital, Bridgewest Group, and Punakaiki Fund.{{cite web | url=https://ecommercenews.co.nz/story/projectworks-secures-nzd-25-million-in-funding-to-drive-global-growth | title=Projectworks secures NZD $25 million in funding to drive global growth | work=eCommerceNews New Zealand | last1=Mitchell | first1=Sean }}
Recognition
Projectworks was named Emerging App Partner of the Year by Xero in 2020, and was a finalist in the Xero App Partner category in 2021.{{cite web | url=https://salestechstar.com/price-optimization-revenue-management/nz-startup-projectworks-raises-3-5m-in-seed-funding/ | title=NZ Startup Projectworks raises $3.5m in Seed Funding | date=18 April 2022 }}
In 2024, the company was ranked No. 557 on the Inc. 5000 list, which highlights the fastest-growing private companies in the United States.https://www.inc.com/profile/projectworks In 2025, Projectworks was ranked No. 19 on New Zealand's Deloitte Fast 50 list{{cite web | url=https://www.deloitte.com/nz/en/services/deloitte-private/services/deloitte-fast-50.html | title=Fast 50 | Deloitte Private | Deloitte New Zealand }} and received the Hi-Tech Emerging Company of the Year award at the NZ Hi-Tech Awards.{{cite web | url=https://www.hitech.org.nz/awards/winners/year/2025 | title=Winners }}
References
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See also
External links
[https://www.projectworks.com Official website]