CPE News (9.19.2022) – Andgo Systems has raised CDN $5.6 million in Series A funding co-led by First Ascent Ventures and Waterline Ventures.
Founded by Tom Ross and Erik Frederiksen, Saskatoon, Saskatchewan based Andgo Systems is a leading provider of intelligent workflow automation solutions for dynamic absence onboarding, shift filling, and vacation mapping.
Andgo intends to use new funding to accelerate the growth of Andgo’s market-leading workflow automation solutions for dynamic absence onboarding, shift filling, and vacation mapping in complex, high volume industries.
photo credit: Andgo Systems
Andgo Systems Closes $5.6 M Series A Funding Round, Co-Led by First Ascent Ventures and Waterline Ventures
New funding will accelerate the growth of Andgo’s market-leading workflow automation solutions for dynamic absence onboarding, shift filling, and vacation mapping in complex, high volume industries.
SASKATOON, SK – September 13, 2022
Andgo Systems (“Andgo”), a leading provider of intelligent workflow automation solutions for dynamic absence onboarding, shift filling, and vacation mapping, announced today it has raised $5.6 Million CAD in Series A funding. The round was co-led by First Ascent Ventures and Waterline Ventures, based out of Toronto and Boston, respectively.
Andgo drives transformational intelligent automation for organizations in industries (such as healthcare) that have complex requirements around onboarding employee absences, filling vacant shifts, and annual vacation selection & awarding. Andgo’s suite delivers end-to-end automation throughout what are traditionally highly manual, tedious processes. Andgo’s customers gain actionable insights, accurately filling more shifts faster.
“This funding will help Andgo address the far-reaching shift filling challenges that organizations are facing,” said Tom Ross, Co-Founder, and CEO, Andgo Systems. “Andgo is positioned as the category leader in driving intelligent shift fill automation in complex industries with unique staffing challenges, such as healthcare and manufacturing. We focus significant effort on providing flexible tools to make the lives of nurses and other frontline employees easier.”
The company has seen strong momentum, adding new customers across North America in major healthcare organizations. A growing Andgo team will allow the company to meet demand, as organizations race to modernize their approach to deal with scheduling challenges such as shrinking budgets, staffing shortages, and employee satisfaction/retention.
“Andgo is changing the game for how large organizations can tackle very complex workforce scheduling challenges,” said Tony van Marken, Managing Partner at First Ascent Ventures. “Our investment in Andgo reflects our belief in the tremendous market potential for their technology and management’s ability to execute on their vision. Andgo has demonstrated an ability to deliver value to the most demanding companies on a consistent basis, which is exemplified by their 100% customer retention rate. We are very excited to partner with Andgo and welcome them to the First Ascent portfolio.”
“We are excited to support Andgo as they continue to scale their disruptive solutions, particularly in healthcare,” said Robbie Greenglass, Managing Partner at Waterline Ventures. “With workforce trends affecting employee availability and satisfaction, healthcare organizations need to innovate in order to thrive. Andgo is well positioned to deliver on helping organizations with this transformation.”
Our mission at Andgo is to improve the lives of both our customers and employees. We do this by enabling meaningful and thoughtful work that simplifies complex interactions related to dynamic shift filling and vacation mapping. Andgo’s intelligent workflow automation suite fills more shifts faster, with the right people. Our holistic, end-to-end approach drives significant ROI to our customers, particularly in high-volume scheduling environments.
For more information, visit our website: http://www.andgosystems.com
About First Ascent Ventures:
First Ascent Ventures invests in emerging technology companies that are building the next generation of disruptive, enterprise B2B software that leverages the cloud, artificial intelligence (AI), machine learning, big data, 5G, mobility, and IOT with a focus on companies that are solving the challenges related to data privacy and security in the enterprise. First Ascent Ventures is looking for outstanding, committed entrepreneurs and management teams who seek not just financial backing, but the experience and expertise of successful financial and operating executives who can create a catalyst for growth and ultimately a successful exit for all stakeholders.
For more information, please visit http://www.firstascent.vc
About Waterline Ventures:
Waterline Ventures invests in the early stage healthcare technology and services companies that are improving the way care is delivered. Increasing costs, inconsistent quality, and inadequate access to healthcare create the need for innovation. There is a massive and growing opportunity for technological transformation in healthcare. Their entrepreneurs are leading the change within healthcare.
For more information, please visit http://www.waterlineventures.com
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