7shifts Raises $10M Series A Funding
7shifts, a labor management platform for the restaurant industry, closed a $10 million Series A funding round to accelerate growth and bring more automation and labor compliance to restaurant chains.
The financing was led by Napier Park Financial Partners with participation from Teamworthy Ventures, existing investor, Relay Ventures and former CEO of Snag (Snagajob), Peter Harrison.
7shifts has scheduled nearly 100 million shifts for the 16 million restaurant workers in the U.S., and collectively saved restaurateurs over $200 million in labor costs. The rapidly growing platform is used by more than 250,000 restaurant professionals and 10,000 restaurants, including large, growing franchises such as Bareburger, Panera, Honeygrow, &pizza, and Smoke's Poutinerie.
7shifts gives restaurant operators and employees powerful, easy-to-use software that makes tasks like scheduling, team communication, and shift feedback simple and transparent. The company plans to use the funds to strengthen 7shifts’ leadership position in scheduling automation and machine-learning technology for restaurants, while adding enterprise functionality and statewide labor compliance features.