Shiftsmart, a New York-based labor management platform serving the modern workforce, raised $95 million in Series B financing.
The round was led by D1 Capital, with participation from Imaginary Ventures, Spieker Partners, and S12F, alongside several industry executives and institutions.
The fresh funds will be used to expand the company's verticals, which include audits and contracts, retail, and global logistics, as well as to create new verticals like healthcare. In addition, the company will hire more people. It currently employs 60 individuals, up from around 30 people a year earlier.
Company: Shiftsmart, Inc.
Round: Series B
Funding Month: December 2021
Lead Investors: D1 Capital
Additional Investors: Imaginary Ventures, Spieker Partners, and S12F
Company Website: http://www.shiftsmart.com/
Software Category: Labor-management platform
About the Company: Founded in 2015 by Aakash Kumar, CEO, Shiftsmart is an online marketplace built that connects the hourly workforce with companies facing complex staffing requirements. Through the platform, workers can control their schedules, and companies can fulfill large-scale, complex, dynamic, and time-sensitive staffing requirements with proven workers. The platform of over 600,000 workers has staffed millions of skilled shifts in more than 50 countries and works exclusively with the enterprise, focusing on large-scale customers and government institutions. Brands and institutions that have used Shiftsmart include Circle K, Airbnb, Humana, The RealReal, and the Small Business Administration alongside many others.