Deputy, Australia-based employee management platform, has recently secured $81 million through a Series B funding round spearheaded by IVP alongside from OpenView, Square Peg Capital, and EVP.
Founded out of a Sydney suburb in 2008, Deputy is an all-in-one platform that covers pretty much all bases in the workforce management sphere, from rota-setting to timesheets, performance management, task-assignment, and company news broadcasts. The company claims more than 1 million users across 90,000 businesses — including such big names as Amazon, Uber, Hubspot, and McDonald’s — who use Deputy’s tools to help manage their hourly paid contractors.
Deputy had raised $25 million via a series A round last year, and with another $81 million in the bank the startup said it plans to double down on its product development and global expansion.
“There are 2.3 billion hourly paid workers in the world today, but too many of these are still managing their jobs in archaic ways,” said Deputy Co-Founder and CEO Ashik Ahmed. “The opportunity here is huge: We envisage a day when every single shift being worked is powered by Deputy — and this funding allows us to build the best product and engineering team in the world that helps us get there.”
Nabbing Silicon Valley’s IVP as a lead backer is a notable coup for Deputy, given the stature of IVP’s recent exits, including Dropbox, which went public this year; GitHub, which sold to Microsoft for north of $7 billion; and Shazam, which was bought by Apple. Other big names in IVP’s portfolio include Netflix, Snap, Slack, and Twitter.
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