When I Work has raised $224M in funding to date. Here are the top-line bullets you need to know.
When I Work, a job scheduling and timesheet platform for shift-based workers, has raised $200M in private equity funding from Arthur Ventures and Bain Capital.
HOW’S THE COMPANY PERFORMING?
- Minneapolis-based When I Work provides employee scheduling, attendance, and communications services. The company also offers ancillary services like payroll management, staffing reports, and analytics.
- The company’s software has been used by over 10M employees and has clocked over 100M shifts since its inception in 2010.
- When I Work currently has over 200,000 businesses using its platform, including Ben & Jerry, Hickory Farms, Siemens, Ace Hardware, Verizon Wireless, and Dunkin’ Donuts.
- The company has been profitable since June 2020 and growing at an annual rate of over 35%.
- When I Work added 50 customers in Q2’21.
Source: When I Work
WHY DOES THE MARKET MATTER?
- The global time and attendance software market is projected to grow at a CAGR of 9.4% and reach a value of $5.3B by 2030, according to Allied Market Research.
- The rapid adoption of workforce management solutions by enterprises to inform decision-making will drive growth opportunities for vendors in the sector.
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