Deputy says the funding will be used to accelerate growth of its business and “transform the future of hourly-paid work through new, innovative products and build Australia’s finest product and engineering team”.
Sydney workforce management startup Deputy has raised $111 million in a Series B funding round led by Silicon Valley firm IVP, which has backed the likes of Dropbox, Slack, and Twitter. The round also saw participation from existing backer OpenView, the Boston VC which led the company’s $25 million Series A round last year, Square Peg Capital, and EVP.
Deputy, the fast-growing workforce management software company, has closed a £63 million series B funding round. The investment will help Deputy, which is headquartered in Sydney but also has major offices in the UK and the US, accelerate growth in Europe and “transform the future of hourly-paid work” through new products.
Deputy – a software firm that helps with scheduling for businesses with hourly paid staff – said its latest investment round brought the app’s total funding to date to £81m.
Atlanta-based Deputy, provider of a workforce management software solution, has raised $81 million Series B funding. IVP led the round. Also participating are OpenView and Australian venture firms Square Peg Capital and EVP.
Last week, Sydney-based startup Deputy bagged a whopping $111 million in a deal touted as Australia’s biggest Series B ever. But what was it about this startup that attracted so much interest? And how did this founder win his investors’ hearts, minds and money?
“A horrendous experience in a horrible kitchen.” That’s how acclaimed chef Darren Robertson describes his apprenticeship at age 18 in Britain.
Employee management tool Deputy revealed the information upon the launch of the company’s first Hourly-Paid Workforce Index. Deputy is used by more than 300,000 people and 50,000 workplaces across 70+ countries each day and the index draws from the data of its 213,000 Australian customers.
If you’re having a hard time scheduling just the right amount, and mix, of caregivers during each shift, one vendor thinks that artificial intelligence could be a solution.
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