Legion Technologies, a Santa Clara, CA-based company that provides a workforce management (WFM) platform, has secured a $50 million growth round.
Investors
The round was led by Riverwood Capital, with strategic participation from existing investors such as Norwest, Stripes, Webb Investment Network, and XYZ. This latest funding round brings Legion's total funding to $145 million.
Riverwood Capital invests in high-growth companies in the technology and technology-enabled industries. The firm seeks to invest in established businesses with a proven technology and business model, and the proper fit in terms of culture and values. Riverwood was founded in 2008 and has had the opportunity to invest in and support over 80 companies since its inception. The Firm has offices in Menlo Park, CA; Miami, FL; New York, NY; and São Paulo, Brazil.
Legion Technologies Use of Funds
The company will use the funds to fuel its go-to-market strategies and accelerate research and development (R&D) initiatives.
About Legion Technologies
Founded in 2016, Legion provides a workforce management platform, enabling businesses to maximize labor efficiency and employee engagement simultaneously. Its award-winning AI-native Legion WFM platform is intelligent, automated, and employee-centric. Legion delivers cutting-edge technology in an easy-to-use platform and mobile app that employees love. Legion recently formalized a partnership with SAP, enabling seamless integration between SAP SuccessFactors and the Legion platform. The company has also introduced over 140 new features, including the innovative Legion Copilot, designed to enhance employee productivity and learning.
Funding Details
Company: Legion Technologies, Inc.
Raised: $50.0M
Round: Growth Round
Funding Month: May 2024
Lead Investors: Riverwood Capital
Additional Investors: Norwest, Stripes, Webb Investment Network, XYZ
Company Website: https://legion.co/
Software Category: Workforce Management
Source: https://www.businesswire.com/news/home/20240507903815/en/