Shiftboard is raising cash to help accelerate sales of its workforce management software platform.
The Seattle company today announced a $4 million round led by Voyager Capital, with participation from Arnold Venture Group.
Shiftboard makes cloud-based tools to help organizations — from non-profits to 35,000-person companies — manage worker schedules. Its software lets businesses integrate payroll information and utilize data to create optimal workforce operations, among other solutions.
The 25-person company launched all the way back in 2002, but it’s been a particularly eventful past several months for Shiftboard. In December, it hired early Concur executive Sterling Wilson as the new CEO, replacing founder and former CEO Bryan Lhuillier, who remains at the company as chief product officer.
The company previously raised just $2 million in the past 14 years, so this round is a substantial step. As more and more companies turn to flexible working arrangements and need tools to keep everyone organized, Shiftboard sees a big opportunity.
“Today, more than 40 percent of the U.S. labor force is made up of contingent workers,” Wilson said in a statement. “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.”
Shiftboard, which has nearly 1,000 customers and more than 500,000 end-users around the world, also today named two new executives. Tamara Turner joins the company as its new chief marketing officer and was most recently a marketing executive at K2. Jarrod Kleweno is the new vice president of inside sales and has 15 years of experience at companies like ServiceSource, TalentWise, Vertafore, and PayScale.
The fresh cash will also help Shiftboard hire an additional 15 people this year, and another 40 in 2017. Total funding to date is $6 million. As a result of Voyager’s investment, the firm’s managing director Erik Benson will join Shiftboard’s board of directors.