Reworking Revenue, Valuation & Funding (2024)

Reworking generated an estimated $22.8K in annual revenue in 2024.

Reworking was generating approximately £5,000 in monthly recurring revenue as of June 2021, equivalent to roughly $72,000 on an annualized basis. Michael Beck confirmed the figure directly, noting the host's initial estimate of $6,000 per month in MRR was slightly above the actual number at the time of the interview.

Reworking had just under 50 customers as of June 2021. The company offers three monthly pricing tiers at £35, £99, and £199 per month, yielding an average revenue per user of £106 per month across its customer base.

The platform was initially released in October 2020 at no charge to organizations within the founders' existing network. Paid customer acquisition did not begin in earnest until February 2021, when the company started injecting money into marketing. Customers using the platform have self-reported saving approximately 10 hours of hiring-manager time per open role, according to Beck.

Reworking operates on a monthly subscription model with three pricing tiers: £35, £99, and £199 per month. The average selling price across the customer base is £106 per month per account. With approximately 50 customers, the company was generating roughly £5,000 in MRR as of June 2021.

The company targets employers seeking to streamline early-stage hiring. Revenue is entirely recurring and seat-based at the account level, though per-seat pricing within accounts was not broken out in the interview. Gross margin, burn rate, runway, churn, LTV, CAC, and payback period were not discussed in the interview.

Reworking had a team of six as of June 2021, comprising four full-time employees and two contractors. The four employees include the four co-founders, all of whom are working in the business full time. Team composition beyond the founders and contractors was not detailed in the interview.