• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

3v.org

Venture Capital Matters

  • Pitch a Startup
    • Make a Contribution
  • Market Reports
  • Technologies
    • Technology Events
  • Domain Names for Startups
  • About
  • Contact

7shifts Raises Additional $6 Million Funding to Accelerate Company Growth

October 2, 2019 By admin Leave a Comment

7shifts, the leading labor management platform for restaurants, has raised an additional $6 million (USD) in growth equity funding led by existing investor, Napier Park Financial Partners, with participation from returning investor Relay Ventures and new investor Conexus Credit Union.

This latest funding comes only 9 months after 7shifts completed its Series A in January 2019, bringing the total capital raised to $17.4 million in the year to-date.

“By keeping laser-focused on solving the pain points restaurants face managing, motivating, and retaining their teams, we have transformed our learnings into compelling products that are having a significant and immediate impact on the market,” said 7shifts CEO, Jordan Boesch. “We are growing fast, but this is only the beginning. We appreciate the additional capital from our partners at Napier Park and Relay Ventures, and welcome our new local partner, Conexus Credit Union, to the 7shifts family.”

7shifts’ labor management software improves the operations of restaurants of all sizes – from growing independents to national brands – by simplifying team scheduling, labor budgeting, communication, and compliance, freeing up time for managers to serve their customers and focus on providing exceptional guest experiences.

Since closing the Series A round in January, 7shifts has more than doubled the number of restaurants signing up each month, and doubled the size of their team; with plans to accelerate this growth even further in the next 12 months. Today, 7shifts schedules over 7 million shifts per month, which translates to significant savings for restaurants and managers; thousands of hours saved on schedule administration and $12 million per month in labor cost savings.

This additional capital has helped accelerate the hiring of key team members, including the recent addition of VP Partnerships, James Moncarz, formerly VP Partnerships at Ceridian and Docebo, along with Preston Junger, former VP Global Partnerships at Yelp. Both of whom were attracted to 7shifts’ vision of becoming the leading labor management partner for restaurants.

The funding proceeds will help accelerate the development of 7shifts’ partner integration network, which has recently added 10 new partners, including a recent debut in the ADP Marketplace and a full integration with Revel POS. This is in addition to doubling-down on the compliance functionality that restaurants need to ensure proactive Fair Workweek and Predictive Scheduling compliance.

“We are impressed by the accelerated traction that Jordan and the 7shifts team have achieved in such a short period of time,” said Dan Kittredge, Partner of Napier Park. “We are excited to contribute more capital to help fuel 7shifts’ growth and continued innovation of new solutions that help restaurants succeed.”

“Conexus launched our Venture Capital fund to support entrepreneurs like Jordan and the team at 7shifts, who are showing the world that high-growth, globally competitive companies can be built in Saskatchewan,” said Sean O’Connor, Venture Capital Fund Manager at Conexus Credit Union. “Our entire team is thrilled to be joining the journey of such an ambitious company that is scaling fast and helping to put our tech ecosystem on the map.”

About 7shifts
Founded in Saskatoon, Canada, in 2014, with offices in Toronto, 7shifts is the restaurant employee scheduling solution used by over 350,000 restaurant pros across North America, Europe, the Middle East and Australia. 7shifts is used by growing multi-unit restaurant groups including Bareburger, Honeygrow, Smoke’s Poutinerie, YogurtLand, Juice It Up!, and many others. More than a scheduling platform, 7shifts empowers restaurant managers to optimize their workforce to better manage employees, resulting in reduced labor costs. To learn more, or to sign up for free, visit www.7shifts.com, or find us on Twitter, Facebook, LinkedIn, Instagram the App Store or Google Play.

Filed Under: PR Tagged With: labor management platform for restaurants

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Market Analysis

Chocolate grown in a lab
Global Wealth Grew by Double Digits to $530 Trillion in 2021, Despite Continued Crises
Additive Manufacturing at industrial scale
Privacy Management is an Enticing Concept
Embargo of Russian energy would see Russia’s GDP completely collapse
Evolution of Luxury Watches
Top U.S. defense contractors are competing for contracts on hypersonic weapons

Market Research Media

Web3.ag: What is Web3 in the context of the web’s evolution
MktForecast.com: Market Forecast Methodology
There will be three to four million product managers globally by 2025
MultimodalRetail.com (Multimodal Retail): Should retailers split e-commerce operations from stores?
KeyEditorials.com: Editorial art can be visually striking
Inflation Bites: The U.S. government can buy fewer infrastructure today
52% of retail activities could be automated

Secondary Sidebar

Technologies

Tech trends to watch in 2022
Infinitum Electric Raises $80M in Series D Funding Led by Riverstone Holdings to Scale Production of Sustainable Motors
Intel is rolling out new processors designed for data centers
Making a vaccine in a year is like landing a human on the moon
Introducing M1 Pro and M1 Max: the most powerful chips Apple has ever built

Tech Events

Scylla Summit 2022, February 9-10, 2022
Fiber Connect 2021, July 25-28, Gaylord Opryland Resort & Convention Center, Nashville, Tennessee
Web Summit 2022, November 1-4, 2022, Lisbon
Connect 2021 EMEA, 7-8 December, 2021
MIT Technology Review hosts Future Compute February 10-11, 2021

Footer

Recent Posts

  • Plant-based food innovation company, TMRW Foods, raises C$2 million and prepares for North American launch with Sprouts Farmers Market
  • How to achieving gender balance in management teams
  • When you feel like you’re spiraling
  • After Successful Tax Season, Embedded Tax Platform April Raises $30M Series A from Fintech Veterans
  • Vita Mojo Raises US$30 Million to Help Restaurant and Hospitality Chains in Europe Tackle the Digital Future
  • Nautical Commerce Raises $30M to Scale Multi-Vendor Marketplace Technology
  • Token Announces $13 Million Series B Funding Round and Appointment of New CEO to Disrupt the Authentication Market
  • Konnecto Raises $21M to establish a new category in marketing technology
  • Sharebite, the Leading Food Benefits Platform, Announces Closing of $39 Million Series B Round
  • Illumina Invests in £30M Venture Fund to Advance Breakthroughs in Human Health

Dossier

Visa To Acquire European Open Banking Platform Tink
Carrefour and Tesco Agree Not to Extend Alliance
Epson and Vava Settle Projector Brightness Case – Vava Corrects Quoted Lumens from 6,000 to 1,800
Accenture Announces Intent to Acquire Linkbynet, A Leading French Cloud Services Provider
These techniques boost the effectiveness and efficiency of interactions

Press Media Release

Moderna Confirms 40 Million COVID-19 Vaccine Dose Supply Agreement with the Government of the Republic of Korea
Globalstar Announces Successful Launch of Spare Satellite
Texas A&M University System Regents Approve $70 million Engineering Building for Prairie View A&M University
Bezos Earth Fund Announces First Commitments to Marine Protection at UN Ocean Conference
“What to the Slave Is the 4th of July?”

App Coding

Fungible Storage Cluster Certified for VMware vSphere to Support High Performance VM Systems
Browser innovation has stalled
Digital twins transform the efficiency of current business processes
Machine learning algorithms cheat sheet
Trellix Finds Workforce Shortage Impacts 85% of Organizations’ Cybersecurity Posture

API Coding

DarkOwl Announces Release of Ransomware API
Profound Logic Builds IBM i Salesforce API Integration Example without Writing a Single Line of Code
WSO2 Completes $93 Million Series E Growth Funding Round with the Investment from Info Edge
What is an API Gateway?
LeadDev London! The event for engineering leaders

Copyright © 2022 3v.org

Technologies, Market Analysis & Market Research

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT