Planday, a London, UK-based workforce management platform for shift-based businesses, raised $14m in Series B funding.
The round was led by new investors Idinvest, with participation from Creandum, the lead investor in Planday’s Series A round, SEB Private Equity, and angel investor Arthur Kosten, co-founder of Booking.com.
The company intends to use the funds to strengthen its leadership in the European market, expand further into the US, and develop integrations with other technologies that support shift-based businesses, including payroll providers, find and hire services, and Epos technologies.
Led by Christian Broendum, CEO, Planday provides a SaaS-based real-time platform for businesses and employees to collaborate using transparent shift planning, communication, HR processes, and online & mobile time clocking. The solution also supports managers in mid-sized businesses by providing reporting and payroll integrations.
The company serves hundreds of customers in the UK in the hospitality, retail and leisure sectors which include leading London-based restaurants such as Ben’s Canteen, The Lockhart and Big Fernand, and has a team of more than 80 people in five international offices.