7shifts Raises $10M in Series A Funding

7shifts7shifts, a Saskatoon, Canada-based labor management platform for the restaurant industry, closed a $10m USD Series A funding.

The round was led by Napier Park Financial Partners with participation from Teamworthy Ventures, existing investor, Relay Ventures and former CEO of Snag (Snagajob), Peter Harrison. As part of the transaction, Dan Kittredge, a Managing Director at Napier Park, will join the 7shifts Board of Directors.

The company intends to use the funds to strengthen its leadership position in scheduling automation and machine-learning technology for restaurants, while adding enterprise functionality and statewide labor compliance features.

Led by Jordan Boesch, CEO, 7shifts provides restaurant operators and employees with a software platform to manage tasks like scheduling, team communication, and shift feedback.
The system is comprised of a number inter-operable labor management tools that work together to allow restaurants to create and maintain schedules from either a desktop or smartphone. The solution offers tools for independent and multi-unit operators to gain visibility into their businesses and ensure compliance with labor regulations.
It is used by more than 250,000 restaurant professionals and 10,000 restaurants across North America, Europe, the Middle East and Australia, including large, growing franchises such as Bareburger, Panera, Honeygrow, &pizza, and Smoke’s Poutinerie.

FinSMEs

24/01/2019

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