Shiftboard Raises $4 Million in Funding Led by Voyager Capital
Funding enables cloud-based workforce management company to build leadership team and accelerate growth
SEATTLE, WA (PRWEB) MARCH 22, 2016 – Shiftboard, Inc., a leading SaaS provider of on-demand, dynamic workforce management solutions—today announced it has secured an investment of $4 million led by Voyager Capital, a Seattle-based venture capital firm focused on first round investments to help entrepreneurs in the Pacific Northwest and California fuel innovation. The investment brings Erik Benson, Managing Director of Voyager Capital, to Shiftboard’s board of directors. Seattle-based Arnold Venture Group is also participating in this financing. The funding will be used to accelerate growth of the business under newly-appointed CEO Sterling Wilson, a proven industry veteran who has helped numerous companies including Concur and Qpass deliver significant shareholder value.
“Today, more than 40% of the US labor force is made up of contingent workers. As that number continues to grow, businesses everywhere are turning to workforce management solutions to help streamline the complexities of managing the breadth of flexible work arrangements in an always-connected, mobile world,” said Sterling Wilson, president and CEO of Shiftboard.
“Shiftboard has a proven track record of helping customers better run their workforces with easy-to-use tools for managing, communicating, and scheduling all kinds of workers. We are excited to raise these funds to help accelerate both team expansion and development of our world-class technology.”
Shiftboard’s industry-leading SaaS solution automates every aspect of workforce management and includes powerful functionality that spans people management, scheduling, time and attendance, communication and reporting. Businesses trust Shiftboard to take what’s hard about workforce management and make it easy with features like applicant tracking, employee on-boarding, credential management, real-time scheduling, time tracking, financial analysis, back-office system integration, and a robust set of APIs. Shiftboard has a growing customer list that includes SXSW, Major League Baseball Networks, Harvard University, National Australian Bank, University of Pittsburgh Medical Center, CrossFit International Games, Wellness Corporate Solutions, and Security Industry Specialists.
“Shiftboard is proving its ability to create real, sustainable value for its customers by helping them easily scale and manage their workforces,” said Mike Brown, Shiftboard director and past chief financial officer of Microsoft Corporation, “By enabling enterprises to ramp, track, train, and report on employee outcomes, Shiftboard’s comprehensive product offering and experienced team is positioned to quickly become a leading workforce management solution in the industry.”
“Our solution architecture, rules engine, human, and systems interfaces have been built from the ground up to support businesses with complex data requirements and unique use cases,” said Bryan Lhuillier, founder and chief product officer of Shiftboard. “This approach has enabled us to power businesses with anywhere from 25 to 35,000 flexible workers. We’re excited to have the opportunity to further develop leading-edge solutions for our customers while strengthening our position in the market we’ve helped define.”
As part of this funding, Shiftboard has also added two seasoned executives to its management team.
Tamara Turner, chief marketing officer, is responsible for worldwide marketing strategy and execution. She has almost 20 years of proven history in building and managing global marketing teams in the technology sector. Prior to joining Shiftboard, she served in leadership roles at Microsoft, K2 Software, Pivotal Corporation, and aQuantive.
Jarrod Kleweno, vice president of inside sales, is responsible for the cultivation, growth, and management of the sales organization. He’s a SaaS industry veteran with more than 15 years of sales management experience and a track record of building high impact inside sales teams at companies including ServiceSource, TalentWise, Vertafore, and PayScale.
Shiftboard is a leading provider of employee scheduling software for shift-based operations in mission-critical industries. Backed by Shiftboard’s tailor-fit solutions, organizations can build adaptive workforce operations that increase operational agility, optimize labor resources, and accommodate workers’ preferences, leading to improved efficiency and higher worker satisfaction and retention rates. To date, Shiftboard has supported over 630 million scheduled shifts for thousands of customers, including many Fortune 500 companies, providing the employment pipeline for $66 billion in wages earned. For more information, please visit Shiftboard.