7shifts Employee Scheduling Software Inc. has raised US $3.5 million in Series A funding led by Tandem Capital and existing investor Relay Ventures. David Wagonfeld, Partner of Tandem Capital, has joined 7shifts board of directors.
7shifts has now raised US $4.5 million to date. In May 2016, 7shifts raised CDN $1.2 million in seed funding led y Relay Ventures, with participation from Globalive Capital, Boost VC and Tim Draper.
New funds will be used to build out infrastructure in response to increasing demand from restaurateurs that want scheduling solutions that enable them to more effectively manage their staff.
Founded in Saskatoon in 2013, with offices in Toronto, 7shifts is a provider of restaurant employee scheduling solution. The 7shifts platform reduces the time spent on scheduling by 80 percent and labor costs by up to 3 percent. This is achieved by automating employee scheduling, helping them easily manage their work hours, and through detailed analytics driving employee engagement and communication.
With the majority of its usage coming from mobile, 7shifts has gone from scheduling 1 million shifts per month 6 months ago, to now scheduling over 2 million shifts per month for more than 150,000 restaurant workers across North America, Europe, the Middle East, and Australia.
“7shifts delivers more than just a highly effective, time-saving scheduling solution for restaurants to manage their staffs,” said Wagonfeld, who was part of a group that owned 40+ Jamba Juice locations. “The platform also helps managers better connect and coordinate their employees and gives workers a performance indicator for future job prospects. On top of that, any restaurant operator that signs up for the platform is up and running in minutes.”
“We’ve intentionally focused on restaurants since the beginning, on solving problems that go beyond just addressing the pains of the hourly worker,” said founder and CEO Jordan Boesch. “By taking what we’ve witnessed around restaurant employees and managers, we’ve been able to fulfill our mission of empowering those working in the food service industry while helping operators better manage and reduce labor costs.”
“We wanted to support our cafe managers with an easy scheduling system and get ROI with reduced labor costs,” said Jacob Chaney, District Manager, Panera Texas. “7shifts has helped our businesses run better with automated scheduling tools, reduced our labor costs and empowered our head office with the data and oversight we need to support our stores.”
photo credit: bridgesward via pixabay
Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.
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