Draft:Projectworks

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Projectworks
Company type
Private
IndustrySoftware (professional services automation)
Founded2016
HeadquartersWellington, New Zealand
Area served
Global
ProductsProjectworks (PSA platform)
Websitewww.projectworks.com

Projectworks (legally Spiderworks Limited) is a New Zealand–founded software company that develops a cloud-based professional services automation (PSA) software platform for project-based organizations such as consulting, architecture and engineering firms.[1] In June 2025 the company raised US$12 million to expand product development and go-to-market operations,[2] having previously closed a US$5 million Series A round in 2024.[3] Projectworks was named ASX Hi-Tech Emerging Company of the Year at the 2025 New Zealand Hi-Tech Awards.[4]

History

Spiderworks Limited was incorporated in New Zealand in August 2016 and trades as Projectworks.[5] In late 2024, national media and broadcasters reported the company’s plan to build a U.S. presence following a US$5 million Series A led by Bridgewest Group and the appointment of U.S.-based executive Mark Orttung as chief executive officer.[3][6][1]

On 3 June 2025 the company announced a US$12 million follow-on to its Series A, led by Ten Coves Capital, to fund product and market expansion; the raise was covered by international technology media.[2] The company’s growth strategy has focused on North American expansion while retaining operations in New Zealand.[1]

Products

Projectworks markets a unified PSA platform combining time and expense tracking, resourcing and capacity management, invoicing and billing, and financial forecasting and reporting, with integrations to accounting and productivity systems.[7] Third-party software marketplaces and review aggregators describe integrations with products such as Xero, QuickBooks, MYOB, Jira, Azure DevOps and Salesforce, and provide aggregated user reviews.[8][9][10][11]

Clients and use cases

Projectworks has been deployed by architecture and engineering firms in major infrastructure projects. Architecture & Design reported that Projectworks is helping the MBB consortium deliver some of Australia’s largest infrastructure programmes, using its time, resourcing and billing modules in live project environments.[12]

Recognition

In 2025 Projectworks won the ASX Hi-Tech Emerging Company of the Year award at the New Zealand Hi-Tech Awards,[4] an outcome reported in local business media.[13]

Independent directories such as PitchBook, Craft.co and BizProfile list Projectworks’ corporate and funding information.[14][15][16]

Market context

Coverage in New Zealand business media has discussed the company within the broader PSA and job-management market, including opportunities arising after the retirement of Xero’s WorkflowMax product in 2024.[17] Xero confirmed WorkflowMax’s retirement effective 26 June 2024 and subsequent brand transfer to BlueRock, which launched a successor product, WorkflowMax by BlueRock.[18][19]

Corporate

Public business directories list Spiderworks Limited (NZBN 9429042526582) as the legal entity behind Projectworks, registered in Wellington, New Zealand.[5]

See also

References

  1. ^ a b c "From New Zealand to Silicon Valley: Projectworks' journey to global recognition". NZBusiness. 29 October 2024. Retrieved 8 October 2025.
  2. ^ a b Riley, Duncan (3 June 2025). "Projectworks raises $12M to expand its project automation platform". SiliconANGLE. Retrieved 8 October 2025.
  3. ^ a b "Kiwi software startup Projectworks lands A$7.5m Series A for US push". StartupDaily. 30 October 2024. Retrieved 8 October 2025.
  4. ^ a b "Winners — NZ Hi-Tech Awards (2025)". NZ Hi-Tech Awards. Retrieved 8 October 2025.
  5. ^ a b "SPIDERWORKS LIMITED :: New Zealand :: OpenCorporates". OpenCorporates. Retrieved 8 October 2025.
  6. ^ "Wellington startup set for expansion in Silicon Valley". RNZ – Nine to Noon. 6 November 2024. Retrieved 8 October 2025.
  7. ^ "Projectworks – Microsoft AppSource listing". Microsoft AppSource. Retrieved 8 October 2025.
  8. ^ "Projectworks – Xero App Store (US)". Xero App Store. Retrieved 8 October 2025.
  9. ^ "Projectworks Software – Reviews". SoftwareAdvice. Retrieved 8 October 2025.
  10. ^ "Projectworks Reviews 2025: Details, Pricing, & Features". G2. Retrieved 8 October 2025.
  11. ^ "Projectworks – Reviews". Capterra. Retrieved 8 October 2025.
  12. ^ "How Projectworks is helping MBB deliver some of Australia's biggest infrastructure projects". Architecture & Design. 10 September 2024. Retrieved 8 October 2025.
  13. ^ "SYOS Aerospace tops stellar 2025 NZ Hi-Tech Awards line-up". NZBusiness. 24 May 2025. Retrieved 8 October 2025.
  14. ^ "Projectworks Company Profile". PitchBook. Retrieved 8 October 2025.
  15. ^ "Projectworks Company Overview". Craft.co. Retrieved 8 October 2025.
  16. ^ "Projectworks Inc. – BizProfile California". BizProfile. Retrieved 8 October 2025.
  17. ^ "Xero retires project management software, Projectworks swoops". National Business Review. 27 March 2023. Retrieved 8 October 2025.
  18. ^ "About retiring WorkflowMax". Xero Central. Retrieved 8 October 2025.
  19. ^ "BlueRock acquires WorkflowMax brand". WorkflowMax. Retrieved 8 October 2025.

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