WorkJam Inc., an employee engagement suite on a mobile-first platform for hourly workers, has secured $12 million in Series A funding from Blumberg Capital, Lerer Hippeau Ventures (LHV), Founder Collective, Novel TMT Ventures and WorkJam’s management team.
The investment will allow WorkJam to continue investing in enhancing its already robust mobile platform as well as accelerating the company’s global expansion.
“Innovation in the workforce management technology space for hourly workers has been limited, with most companies relying on outdated scheduling tools, back-office heavy processes, manual processes and methods of communication that are simply out of touch,” said Bruce Taragin, Managing Director, Blumberg Capital. “Both companies and employees need a better solution. At Blumberg Capital, we are confident WorkJam’s mobile-first solution can change the way today’s businesses operate. WorkJam is the first and only solution to drive employee engagement, enabling a company’s hourly workforce to be more knowledgeable, engaged and efficient while adhering to new labor regulations and furthering the bottom line.”
“Employers today know that one of their most critical objectives is the enablement of the digital workplace, and no other company on the market delivers a total digital workplace platform like WorkJam,” said Eric Hippeau, Managing Partner of LHV. “We consider WorkJam to be in a class of its own and are thrilled to be partnering with WorkJam as it continues to make a global impact on how the service industry looks at employee management.”
“WorkJam continues to solidify its title as the leader in workforce management technology and hourly workforce enterprise application. We are excited to be partnering with WorkJam and what’s to come for the industry as a whole,” added Eric Paley, Founder Collective Managing Partner.
“We are proud to have caught the attention of some of the most respected names in technology investing, and look forward to having these new partners join us as we continue to make major strides in the global workforce management market for both large and mid-sized organizations,” said Steven Kramer, President & CEO of WorkJam.
photo credit: WorkJam
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.
Latest posts by Ted Liu (see all)
- 21st Canadian Private Equity Summit – Invest, Grow, Succeed - November 20, 2019
- OSC releases action plan to reduce burden for market participants - November 19, 2019
- Walter Capital Partners and Bourgie-Bovet family invest in Athos Services Commémoratifs - November 19, 2019