Voilà! secures $3M first round of financing

Voilà! has raised nearly $3 million in its first round of financing from Investissement Québec, Panache Ventures, Telegraph Hill Capital as well as private investors.

Voilà! is an employee-centric platform that streamlines scheduling and workforce optimization. Since the platform’s creation in December 2018, more than 1,000 Canadian companies are already using Voilà! to manage staff schedules more effectively, improve communication with employees or maximize engagement with them.

Founded by the former founder of Taleo Martin Ouellet in 2015, Voilà! aims to hire approximately 100 employees in Quebec City and Montreal, add a major business intelligence component to its app and accelerate its growth in North American markets.

photo credit: Voilà!

News Release

The Voilà! platform obtains $3M of financing to help address the manpower shortage Français

MONTREAL, Oct. 10, 2019 /CNW Telbec/ – Voilà!, the Canadian employee-centric platform that simplifies scheduling and workforce optimization, has announced an investment of nearly $3 million, which will allow the hiring of approximately 100 employees in Quebec City and Montreal, the addition of a major business intelligence components and an acceleration of its growth in North American markets. This financing includes investments from Investissement Québec, Panache Ventures, Telegraph Hill Capital as well as private investors.

A platform adapted to issues facing companies today

Since the platform’s creation in December 2018, more than 1,000 Canadian companies are already using Voilà! to manage staff schedules more effectively, improve communication with employees or maximize engagement with them. In a labour shortage context, workforce optimization is becoming essential for employers in all sectors.

“The labour market is going through major changes. As they now understand their value, employees are less attached to their jobs than before, while others prefer to work on contract or have multiple jobs. Voilà! helps managers simplify scheduling and optimize the workforce by putting the employee at the centre of the process. We believe that if workers build their own schedules, they will be more likely to honour them and keep changes to a minimum. And the numbers are proving us right,” said Martin Ouellet, founder of Voilà! and Taleo, a talent management platform that was acquired by Oracle in 2012 for $1.9 billion.

Data collected by the platform shows that Voilà! helps reduce absenteeism by 65% and turnover by 10%, in addition to reducing the time required to manage schedules by 80%.

Laying the groundwork for becoming the industry leader

Thanks to this funding, Voilà! will be able to deploy a strategy to penetrate the Canadian and American markets with greater speed while developing a complex business intelligence module. This will allow the product to stand out from traditional schedule management software already being used in target markets.

About Voilà!

Voilà! is an employee-centric platform that streamlines scheduling and workforce optimization. Launched in 2018 by the team behind the talent management software Taleo, acquired by Oracle for $1.9 billion in 2012, the platform is now used daily by thousands of employees across North America. Following a successful first round of funding of $3M in fall 2019, Voilà! targets the addition of approximately 100 employees in Montreal and Quebec City, the addition of a major business intelligence component to its platform and increased growth in North American markets.

SOURCE Voilà!

For further information: Mathilde St-Vincent, Consultant, Corporate Communications, CASACOM, mstvincent@casacom.ca, 514 242-6852

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

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.