What is 7shifts?
Founded in Saskatoon, Canada, in 2013, 7shifts provides a comprehensive restaurant employee scheduling solution utilized by over 150,000 restaurant workers globally. The platform is adopted by numerous growing, multi-unit restaurant groups, including Xi'an Famous Foods and Andy's Frozen Custard. Beyond scheduling, 7shifts empowers restaurant managers to enhance workforce optimization, leading to reduced labor expenses. The company's substantial backing indicates its established presence and potential for further market penetration in the competitive restaurant technology landscape.
How much funding has 7shifts raised?
7shifts has raised a total of $123.1M across 7 funding rounds:
Angel/Seed
$1.2M
Other Financing Round
$922K
Private Equity
$3.5M
Series A
$10M
Private Equity
$6M
Series B
$21.5M
Series C
$80M
Angel/Seed (2016): $1.2M with participation from Relay Ventures, Boost VC, and Globalive
Other Financing Round (2016): $922K led by Tim Draper, Boost VC, Relay Ventures, and Globalive
Private Equity (2017): $3.5M supported by Relay Ventures and Tandem Capital
Series A (2019): $10M featuring Peter Harrison, Teamworthy Ventures, Napier Park Global Capital, and Relay Ventures
Private Equity (2019): $6M backed by Napier Park Global Capital, Relay Ventures, and Conexus Credit Union
Series B (2021): $21.5M with participation from Enlightened Hospitality Investments, Relay Ventures, Ten Coves Capital, and Conexus Venture Capital
Series C (2022): $80M led by Ten Coves Capital, SoftBank Vision Fund 2, and Enlightened Hospitality Investments
Key Investors in 7shifts
Ten Coves Capital
Ten Coves Capital invests in companies that are innovating and transforming the financial ecosystem, focusing on businesses re-imagining financial services.
SoftBank Vision Fund 2
SoftBank Vision Fund 2 is a prominent investment fund known for its significant backing of technology companies globally, often focusing on growth-stage enterprises.
Enlightened Hospitality Investments
Enlightened Hospitality Investments is an investment firm specializing in pooled investment services, headquartered in New York City.
What's next for 7shifts?
With its recent major enterprise-level funding, 7shifts is strategically positioned for accelerated expansion and product development. The substantial capital infusion is expected to fuel innovation in its workforce management solutions, potentially targeting new markets or enhancing existing features to address evolving industry needs. Continued investment from prominent venture capital firms suggests strong confidence in 7shifts' business model and its capacity to capture a larger share of the global restaurant technology market.
See full 7shifts company page
