Shiftboard has announced that it has raised $11.5 million in its latest funding round, and surprisingly, the company is 17 years old.
Founded in 2002, Shiftboard initially built employee shift management software for healthcare clients. It has since expanded across several industries and use cases — and now investors want in on the action.
Indeed, it’s never too late to raise investment.
The round was led by NewRoad Capital Partners, via its Kayne NewRoad Ventures Fund II, and included participation from Voyager Capital.
Shiftboard makes cloud-based tools to help more than 1,000 organizations like Mayo Clinic and Disney manage worker schedules. Its software lets businesses integrate payroll information and utilize data to create optimal workforce operations, among other solutions. Shiftboard has more than doubled its revenue over the past two years as it adds customers from verticals like education to hospitality.
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