TAMPA, FL (September 21, 2021) Florida Funders, a hybrid venture capital fund and angel investor network recognized as the top VC in the Southeast region by Pitchbook, announced today its investment in Intecrowd, a boutique Workday-focused Professional Services firm. Florida Funders’ investment in Orlando-based Intecrowd marks the 8th Florida-based company investment this year to date, further transforming the state into an emerging tech hub.

 

Florida Funders has invested $300,000 in Intecrowd’s $4MM seed round from the Florida Funders’ Fund 2, LLC., supporting Intecrowd’s expansion/hiring and certifying of employees and consultants to meet the growing demand in the Workday ecosystem.

Intecrowd is a Workday Services Partner with strong expertise in integrations, application

management services (AMS) and client-side support. Intecrowd is one of 36 Workday deployment partners in existence and provides deployment services for Human Capital Management (HCM) and Financial Management modules, in addition to post-implementation support and other client-side services. Intecrowd has proven to be an invaluable resource with over 7,000 Workday integrations and 470 projects completed for clients.

Workday is the best-in-class cloud-based SaaS ERP with Finance, HR, and Planning suites, operating within a closed ecosystem. 

“As businesses navigate a remote-working world, Workday is increasingly becoming an essential tool now more than ever,” says Tom Wallace, Managing Partner at Florida Funders. “Intecrowd’s value for partnership and engagement is proven across its projects and Workday recognizes this. Their evolution from subcontractor to primary driver on Workday is a huge success story, and we’re excited to be part of it.”

Florida Funders was incredibly impressed by Intecrowd CEO Don McDougal. Former VP of HR Systems and Workforce Analytics at Tyco, McDougal developed and successfully led the implementation of Workday at the company. McDougal oversaw one of the largest and most complex human capital management transitions when Tyco moved from 108 legacy HCM sources to the Workday platform. McDougal founded Intecrowd in 2014 with co-founder Gary Walker. “We’re thrilled to have the support of Florida Funders as we continue to scale globally,” says founder and CEO Don McDougal. “When asked to create a partnership to help grow the ecosystem 6 years ago, I never anticipated accelerating this quickly. We’re excited to expand our team with seasoned consultants across the world while continuing to significantly improve the lives of our clients.”

Adding one account per week, Intecrowd has serviced over 350 clients including many large well-known companies.  Intecrowd has over 190 employees remotely in several countries including North America, Europe, and Asia— holding over 700 Workday certifications and averaging 5+ years of Workday experience each. In Florida, Intecrowd has over a dozen employees located across the state, including in the Tampa, South Florida and Orlando regions.

Florida Funders is constantly and actively looking to grow and add investors to their network. They have fully deployed their Fund 1 and are hard at work seeking new investment opportunities. For more information on Florida Funders, please visit floridafunders.com. Keep up with the latest news from Florida Funders on Facebook, Twitter, and LinkedIn.