What is ShiftBoard?
Shiftboard is a Seattle-based technology firm specializing in sophisticated workforce scheduling software. Its platform is engineered for industries with demanding operational requirements, including manufacturing, energy, healthcare, and corrections. The software facilitates the automation of employee schedule creation and management, enabling organizations to respond effectively to fluctuating labor demands while enhancing employee satisfaction and operational efficiency. Shiftboard's solutions are trusted by numerous enterprise-level clients, aiming to optimize workforce operations and foster better communication between management and staff.
How much funding has ShiftBoard raised?
ShiftBoard has raised a total of $16.5M across 4 funding rounds:
Private Equity
$750K
Private Equity
$3.2M
Series A
$11.5M
Debt
$1M
Private Equity (2010): $750K, investors not publicly disclosed
Private Equity (2016): $3.2M led by Voyager Capital and Arnold Venture Group
Series A (2018): $11.5M supported by NewRoad Capital Partners and Voyager Capital
Debt (2020): $1M featuring PPP
Key Investors in ShiftBoard
NewRoad Capital Partners
NewRoad Capital Partners is an operator-led investment firm that specializes in investing in high-growth companies within the supply chain, logistics, retail, and marketing technology sectors. The firm's experienced team of investment professionals and operating partners leverage their deep sector-specific expertise to create value through collaboration and a focus on demand-driven solutions.
Voyager Capital
Since 1997, Voyager Capital has focused on first-round venture investments to help entrepreneurs in the Pacific Northwest create winning businesses. Built on the team's extensive experience with startups and its exceptional network across the industry, the firm's entrepreneur-centric approach accelerates the pace at which companies can build, execute, pivot and scale.
Arnold Venture Group
Fortson Venture Capital is a Seattle-based venture capital firm that specializes in digital and software investments. With over two decades of experience, the team focuses on seed-stage investments, emphasizing integrity, creativity, and collaboration with entrepreneurs. They are particularly interested in exceptional entrepreneurs and B2B solutions in areas such as enterprise software, data enablement, and AI-driven innovation.
What's next for ShiftBoard?
With its recent major strategic investment, ShiftBoard is poised for accelerated growth and further development of its advanced workforce scheduling capabilities. The company's focus on enterprise-level solutions for shift-based and mission-critical industries suggests a strategic direction towards expanding its market share and enhancing its platform's features to meet evolving client needs. Future initiatives will likely involve deepening its integration with existing enterprise systems and potentially exploring new industry verticals that require robust scheduling and workforce management tools. The sustained backing from investors like NewRoad Capital Partners and Voyager Capital indicates confidence in ShiftBoard's business model and its capacity to scale.
See full ShiftBoard company page
