What is Deputy?
Founded in 2008, Deputy offers a comprehensive employee management tool designed to streamline critical workplace operations. Its platform simplifies scheduling, automates timesheets, manages tasks, and enhances communication among staff. This integrated approach aims to boost operational efficiency for businesses by providing a centralized hub for managing their workforce.
The company's trajectory, marked by substantial capital injections, indicates a strong market demand for its solutions, positioning Deputy as a key player in the HR technology landscape.
How much funding has Deputy raised?
Deputy has raised a total of $106M across 2 funding rounds:
Series A
$25M
Series B
$81M
Series A (2017): $25M with participation from OpenView Partners
Series B (2018): $81M led by IVP, EVP, Square Peg Capital, and OpenView
Key Investors in Deputy
OpenView Partners
OpenView Venture Partners, established in 2006, is a venture capital firm specializing in B2B software companies. They have a track record of investing in growth-stage technology firms.
IVP
Institutional Venture Partners (IVP) is a prominent later-stage venture capital firm based in Menlo Park, focusing on high-growth technology companies across consumer, enterprise, and fintech sectors.
Square Peg Capital
Square Peg Capital is a venture capital firm that invests in emerging technology companies within the internet economy, with a geographical focus on Australia, New Zealand, Southeast Asia, and Israel.
What's next for Deputy?
The recent major strategic investment signals a new phase of expansion for Deputy. This capital infusion is likely to fuel further product development, enhance its market reach, and potentially explore new strategic partnerships. As Deputy continues to scale, its focus will likely remain on refining its employee management suite to address evolving workplace dynamics and maintain its competitive edge in the enterprise software market.
See full Deputy company page
