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7shifts

7shifts

A company that has designed software with scheduling and communication tools for restaurants. It was founded in 2014 and is located in Saskatoon, Ontario.

Company

7shifts is an Ontario-based software company with a product that aids restaurant managers with scheduling employees for shifts and also communicating with their team members.The software is used in various parts of the world including Australia, the Middle East, North America, and Europe. It participated in the Tribe 3 cohort of Boost VC in December 2013 and raised an estimated $4,422,845.

Product

The company's platform can be accessed via a computer or its mobile application, which is available for Android and iOS devices. It is intended to be used by restaurant managers and has features such as a scheduling tool. Managers can make the schedule for the employees and publish it to the employee's email or mobile device. They can approve or deny requests for time off and shift trades using the platform as well.

There is also a chat feature where managers can create group chats, direct messaging, announcements, and shift feedback. Another feature is an operation tool that has options such as labor budget tool and reports about the restaurant. Other technology can be integrated into the platform, such as point-of-sale (POS) activity and payroll software.

Funding
Seed

On May 26, 2016 7shifts announced raising CA$1.2 million in seed funding from Relay Ventures (lead investor), Globalive Capital, Boost VC, and Tim Draper.

Seed II

On August 30, 2017 7shifts announced raising $3.5 million in additional seed funding from Tandem Capital (lead investor), Relay Ventures (lead investor), and Tom Williams. The company plans on using their additional seed funding to build out its infrastructure.

Series A

On January 24, 2019 7shifts announced raising $10 million in series A funding from Napier Park Global Capital (lead investor), Teamworthy Ventures, Relay Ventures, and Peter Harrison.

Series A II

On October 1, 2019 7shifts announced raising $6 million in additional series A funding from Relay Ventures, Napier Park Global Capital, and Conexus Credit Union. The company plans on using their additional series A funding to expand their North American operations by accelerating the adoption of the labor management software platform.

Timeline

February 10, 2022
7shifts raises a $80,000,000 series C round.
February 10, 2022
7shifts raises a $80,000,000 series C round.
May 27, 2021
7shifts raises a $21,500,000 series B round.
October 2019
7shifts raises a $6,000,000 series A round from Conexus Credit Union, Napier Park Financial Partners and Relay Ventures.
January 2019
7shifts raises a $10,000,000 series A round from Napier Park Financial Partners, Peter Harrison, Relay Ventures and Teamworthy Ventures.
August 2017
7shifts raises a $3,500,000 seed round from Relay Ventures and Tandem Capital.
May 26, 2016
7shifts raises a $900,000 seed round from Boost VC, Globalive Capital, Relay Ventures and Tim Draper.

Funding Rounds

Patents

Further Resources

Title
Author
Link
Type
Date

7shifts - Scheduling 101

Web

May 7, 2019

7shifts Partners with SevenRooms to Help Restaurants with Direct Delivery | FSR magazine

Web

April 16, 2020

7shifts Raises Additional $6 Million Funding to Accelerate Company Growth

Web

October 1, 2019

References

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