WorkJam, a Montreal, QC-based digital frontline workplace, announced that it secured $50 million in Series D funding.
The round was led by new investor Fonds de solidarité FTQ and returning investor Inovia Capital, with participation from Blumberg Capital and new investor Demopolis Equity Partners.
WorkJam plans to use the new funds to expand its presence in Europe, Southeast Asia, Latin America, and the United States, as well as to fuel product innovation and accelerate business growth.
“Enterprise businesses across retail, hospitality, manufacturing and other industries are still dealing with turbulence within the workforce and the ripple effects of the Great Resignation,” said Steven Kramer, CEO of WorkJam. “We’re extremely proud to partner with this prestigious group of investors as we accelerate our momentum and help companies across the globe improve frontline workforce engagement, retention, job satisfaction and well-being.”
Leading international companies like American Eagle Outfitters, Aramark, Circle K, DaVita Healthcare, Hilton, Shell, and Ulta Beauty provide frontline staff with the WorkJam app to increase staff retention, productivity, and workplace happiness.
Company: WorkJam Inc.
Raised: $50.0M
Round: Series D
Funding Month: November 2022
Lead Investors: Fonds de solidarité FTQ and Inovia Capital
Additional Investors: Blumberg Capital and Demopolis Equity Partners
Company Website: https://www.workjam.com/
Software Category: Employee Engagement Software
About the Company: Founded in 2014 by Steven Kramer, WorkJam is the leading employee engagement suite empowering the digital workplace for shift-based, hourly, and non-desk workers. WorkJam manages and optimizes the entire employee-employer relationship life cycle with dynamic mobile communication and workforce management to drive operational efficiency and productivity. WorkJam delivers total Workforce Orchestration through market-leading task management, shift management, survey, and micro-learning tools. WorkJam offers a proven ROI that delivers breakthrough results for the organization, locally and globally, enabling them to achieve frontline workforce orchestration. The company is based in Montreal, Quebec, Canada, with offices in Cincinnati, Ohio, and Melbourne, Victoria.
Source: https://www.workjam.com/newsroom/workjam-secures-50-million-in-series-d-funding-round/