Workday Ventures
UnclaimedAt a Glance
- Check Size
- $1M – $10M
- Stage
- Series A, Series B+
- AUM
- $500M
- Sectors
- Enterprise, SaaS, AI
- Founded
- 2018
- HQ
- Pleasanton, CA
About Workday Ventures
Workday Ventures is the strategic investment arm of Workday, the enterprise cloud applications company. Founded in 2013, the venture arm was established to identify and invest in emerging technologies and companies that could enhance Workday's human capital management and financial management platforms. The firm takes a strategic approach to investing, seeking companies whose solutions can integrate with or complement Workday's core offerings while also providing value to Workday's extensive customer base. Led by Workday's corporate development team, Workday Ventures has made strategic investments across various stages, from early-stage startups to more mature companies. Notable investments include the acquisition of Adaptive Insights for $1.55 billion, which strengthened Workday's financial planning capabilities. The firm's investment strategy is closely aligned with Workday's product roadmap and customer needs, making it a valuable partner for enterprise software companies looking to scale within the broader Workday ecosystem.
Investment Thesis
“Investing in innovative companies that enhance the future of work and complement the Workday platform.”
Leadership Team
Michael Magaro leads the effort as senior vice president of corporate growth at Workday, the function under which the venture program sits. Barbry McGann is senior vice president and managing director. Sarah Ospina is vice president for portfolio experience, Savannah Greene is principal, and Caroline Rafferty is portfolio experience manager.
The shape of that roster is the tell. Two of the five named roles are dedicated to portfolio experience rather than to sourcing or diligence, which matches a corporate arm whose value proposition is access to Workday's customer base, ecosystem and product organisation rather than ownership targets or price discipline. The team also applies a responsible-AI screen, requiring portfolio companies to meet standards for ethical design, transparency, compliance and human oversight before they join the partner network.
Sector Focus
Investment Stage
Notable Portfolio Companies
Fund History
Workday Ventures was established in 2018 as the strategic investment arm of Workday and states a $500 million commitment behind the program. It invests from Workday's balance sheet rather than from outside limited partners and files no Regulation D offerings with the SEC; an EDGAR company search under the Workday Ventures name returns none, so there is no fund-by-fund vintage record to read.
Deployment tracks the parent's product roadmap rather than a vintage clock. Workday announced a slate of AI investments in September 2024 aimed at extending capabilities for Workday customers, and in September 2025 expanded its Agent Partner Network with new Workday Ventures portfolio companies delivering enterprise-ready AI agents. Disclosed partner companies include Astrix Security, Auditoria, Automation Anywhere, Beamery, Benepass, BetterUp, Blink, Buk and CaptivateIQ. An earlier holding, spend-intelligence company Suplari, was acquired by Microsoft. The thesis has narrowed over time from broad enterprise software toward agentic AI, automation, orchestration and security applied to the work itself.
Related Articles (1)
Frequently Asked Questions
What stage does Workday Ventures invest at?
Workday Ventures primarily invests at the Series A, Series B+ stages. This means they focus on companies that are scaling their go-to-market after proving product-market fit.
Where is Workday Ventures located?
Workday Ventures is headquartered in Pleasanton, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does Workday Ventures focus on?
Workday Ventures focuses on investments in Enterprise, SaaS, AI. Their portfolio reflects deep expertise and networks within these sectors.
What is Workday Ventures's typical check size?
Workday Ventures's typical investment check size ranges from $1M to $10M. Actual amounts may vary based on the stage, sector, and specific opportunity.
How much does Workday Ventures have under management?
Workday Ventures manages approximately $500M in assets under management (AUM) across their funds.
Similar Firms
Fund Operations Resources
Running a fund like Workday Ventures? Independent guides to the software and processes emerging managers use to operate.
Best Fund Administration Software
Independent breakdown of fund administration platforms by fund size.
LP Reporting Software
Tools for capital account statements and investor updates.
Portfolio Monitoring Tools
How GPs track company performance across the portfolio.
VC CRM Software
Deal-flow and relationship management for investors.
The operating system for private capital.
Archstone runs the back office for venture, PE, real estate, and credit funds — LP reporting, capital calls, portfolio tracking, and fund accounting, in one platform. Now in alpha.