Shyft Technologies Raises $6.5M in Series A Funding

shyftShyft Technologies, a Seattle, WA-based provider of mobile workforce management tools, raised $6.5M in Series A funding.

The round, which brings total funding to $8M, was led by Ignition Partners and Madrona Venture Group. In conjunction with the funding, Bob Kelly, Managing Partner of Ignition Partners, and S. Somasegar, Managing Director of Madrona Venture Group, will join Shyft’s Board of Directors.

The company intends to use the new capital to further focus on product development and innovation.

Founded in 2015 by CEO Brett Patrontasch, Shyft provides an app for employers to solve labor inefficiencies by allowing companies to react instantly to fluctuating business needs.
It allows retail and service workers to swap shifts, message each other, and earn more money by picking up shifts that might otherwise go unstaffed.

The platform has been chosen as the mobile workforce management platform for Gap Inc., including brands such as Old Navy, Gap, Banana Republic, and Athleta, in addition to other retail and service establishments that are both wholly-owned and franchise-based.

FinSMEs

15/11/2018

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