Total amount raised
$224 Millions
Latest funding date
11/01/2021
Location
When I Work has successfully raised significant funding through multiple rounds, with notable investors including Arthur Ventures and Bain Capital. The platform offers comprehensive employee scheduling and time tracking solutions designed to streamline shift-based work environments.
Keep reading to explore the intricacies of When I Work's fundraising journey and the investors backing this innovative platform.
What Is When I Work?
When I Work, founded on July 1, 2010, is headquartered in Minneapolis, Minnesota. The company was established by Chad Halvorson and Daniel Olfelt. It operates within various industries, including software, communications infrastructure, and management consulting.
Specializing in employee scheduling and time tracking, When I Work serves a diverse range of sectors such as restaurants, retail, and healthcare. The platform is designed to enhance workforce management through features like team messaging and integrations, and it is used by over 150,000 workplaces globally.
With a team of 101-250 employees, When I Work focuses on improving operational efficiency and reducing labor costs, making it a valuable tool for shift-based work environments.
How Much Funding Has When I Work Raised?
- Series A
- Amount Raised: $4M
- Date: January 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and enhance the platform's core functionalities and expand its market reach.
- Series A
- Amount Raised: $5M
- Date: July 2015
- Lead Investors: Arthur Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve product offerings to meet growing customer demand.
- Series B
- Amount Raised: $15M
- Date: June 2016
- Lead Investors: Drive Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand the company's suite of workforce management solutions.
- Private Equity Round
- Amount Raised: $200M
- Date: November 2021
- Lead Investors: Bain Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's software solutions, pursue acquisitions, and drive customer growth.
Total Amount Raised: $224M. Current Valuation: Not publicly disclosed.
Key Investors
- Bain Capital
- Details: Bain Capital is a private investment firm that provides capital for growth investments. The specific investment in "When I Work" was made through Bain Capital’s Tech Opportunities fund.
- Investment Focus Areas: Application Software, Infrastructure & Security, Fintech & Payments, Healthcare IT, Internet & Digital Media
- Notable Investments: A Cloud Guru, Buildertrend, Hudl
- Drive Capital
- Details: Drive Capital is a venture capital firm that invests in early-stage technology companies. They focus on building long-term partnerships with entrepreneurs.
- Investment Focus Areas: Technology, Healthcare, Consumer
- Notable Investments: Root Insurance, Olive, Duolingo
- Arthur Ventures
- Details: Arthur Ventures is a venture capital firm that invests in early-stage software companies. They aim to support companies that are transforming industries.
- Investment Focus Areas: Early-stage software companies, Enterprise solutions, SaaS
- Notable Investments: Leadpages, Zipnosis, When I Work
What's Next for When I Work?
When I Work is poised to capitalize on significant opportunities, including expanding its suite of employee-first software solutions and pursuing strategic acquisitions. With a $200 million growth investment, the company is well-positioned to deepen its market presence and enhance its offerings, particularly in the U.S. and potentially on a global scale.
Future fundraising opportunities seem promising, given the substantial backing from Bain Capital and Arthur Ventures. This financial support could pave the way for further rounds to fuel additional growth and acquisitions, ensuring When I Work remains competitive in the evolving SaaS market.
However, challenges such as integrating new acquisitions, maintaining high user engagement, and navigating privacy concerns related to employee monitoring could pose hurdles. The company must also contend with a competitive landscape, balancing growth with the need to address ethical considerations in workforce management.
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