Total amount raised
$224 Million
Latest funding date
11/01/2021
Location
When I Work has successfully raised funding over 4 rounds, with the latest being a Private Equity round. The platform is backed by 6 investors, including Arthur Ventures and Bain Capital.
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 is an employee scheduling and time tracking platform designed for shift-based teams. Founded in Minneapolis, Minnesota, the company operates in various industries, including communications infrastructure, information technology, and management consulting.
With a workforce of 101-250 employees, When I Work has made significant strides in simplifying workforce management. The platform offers features like employee scheduling, time clock, and team messaging, serving industries such as restaurants, retail, and healthcare.
How Much Funding Has When I Work Raised?
- Private Equity Round
- Amount Raised: USD 200,000,000
- Date: November 2021
- Lead Investors: Bain Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's suite of software solutions, pursue acquisitions, and drive customer growth.
- Series B Round
- Amount Raised: USD 15,000,000
- Date: June 2016
- Lead Investors: Drive Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expand its product offerings.
- Series A Round
- Amount Raised: USD 5,000,000
- Date: July 2015
- Lead Investors: Arthur Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To facilitate the company's early-stage growth and product development.
- Series A Round
- Amount Raised: USD 4,000,000
- Date: January 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial product development and market entry.
Total Amount Raised: USD 224,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Bain Capital
- Details: Bain Capital is a private investment firm that specializes in private equity, venture capital, credit, public equity, impact investing, life sciences, and real estate. They have a global presence with offices in North America, Europe, Asia, and Australia.
- Investment Focus Areas: Private equity, venture capital, credit, real estate
- Notable Investments: Virgin Voyages, Canada Goose, Domino's Pizza
- Drive Capital
- Details: Drive Capital is a venture capital firm that invests in innovative technology, healthcare, and consumer companies. They focus on supporting companies that are transforming their industries.
- 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 technology companies. They provide capital and strategic support to help companies grow and scale.
- Investment Focus Areas: Software, technology, healthcare
- Notable Investments: Leadpages, When I Work, Infusionsoft
What's Next for When I Work?
When I Work is poised to capitalize on the growing demand for flexible and efficient workforce management solutions. With a $200 million investment from Bain Capital, the company plans to expand its suite of employee-first software solutions and pursue strategic acquisitions. This funding will enable When I Work to deepen its market presence in the U.S. and explore global opportunities, particularly in sectors like retail, healthcare, and manufacturing.
Future fundraising opportunities seem promising as the company aims to triple its value and enhance its product offerings. The significant market growth in time-tracking software, expected to reach $1.78 trillion by 2026, provides a fertile ground for further investments. However, challenges such as competition from other workforce management platforms, privacy concerns, and the need for continuous innovation could pose hurdles along the way.
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