How Much Did ShiftBoard Raise?
Funding & Key Investors

Shiftboard, a prominent player in the workforce management software sector, has successfully secured a total funding amount of $16.5M to date. This capital trajectory reflects the company's evolution from its early stages to its current position as a critical infrastructure provider for complex, shift-based industries. The most recent strategic investment of $1M underscores the market's continued confidence in the firm's ability to solve intricate labor scheduling challenges for large-scale enterprise clients.

By maintaining a consistent growth trajectory, Shiftboard has effectively leveraged its financing to refine its platform, ensuring that mission-critical organizations in healthcare, energy, and manufacturing can maintain operational continuity. This latest infusion of capital serves as a testament to the company's resilience and its pivotal role in the digital transformation of workforce operations.

What is ShiftBoard?

ShiftBoard
SoftwareHuman Resources Software

Headquartered in Seattle, Shiftboard provides an advanced, cloud-based workforce scheduling platform tailored for mission-critical environments. The company specializes in automating complex scheduling workflows, allowing organizations to manage labor needs with precision while adhering to worker preferences and regulatory requirements. By integrating seamlessly into the operational fabric of industries such as corrections, healthcare, and energy, Shiftboard enhances communication between management and staff, ultimately driving higher operational efficiency and employee satisfaction. Its market position is defined by its ability to handle the high-stakes demands of enterprise-level customers who require robust, scalable, and reliable software solutions to manage their most valuable asset: their workforce.

How much funding has ShiftBoard raised?

ShiftBoard has raised a total of $16.5M across 4 funding rounds:

2010

Private Equity

$750K

2016

Private Equity

$3.2M

2018

Series A

$11.5M

2020

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.

Voyager Capital

Voyager Capital is a Pacific Northwest-focused venture firm that provides stage-appropriate support for B2B software and cloud infrastructure companies.

Arnold Venture Group

A boutique venture capital firm specializing in early-stage B2B software, data enablement, and AI-driven innovation.

What's next for ShiftBoard?

With the support of its latest strategic investment, Shiftboard is well-positioned to accelerate its product roadmap and expand its footprint within the enterprise software market. The company is expected to focus on deepening its AI-driven scheduling capabilities, which will allow for more predictive labor management and real-time adaptability in volatile market conditions. As the demand for automated, data-backed workforce solutions continues to rise, Shiftboard's focus on operational excellence and user-centric design will likely serve as a catalyst for further market penetration. The firm remains committed to scaling its infrastructure to meet the evolving needs of global enterprises, ensuring that its platform remains the gold standard for mission-critical scheduling and labor optimization.

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Frequently Asked Questions Regarding ShiftBoard Financial Insights

What are the most recent funding rounds that ShiftBoard has completed, and what were the funding rounds?
ShiftBoard has recently completed 3 funding rounds: Debt on Apr 13, 2020, Series A on Jan 23, 2018, Private Equity on Mar 6, 2016.
What is the total amount of funding ShiftBoard has raised to date?
ShiftBoard has raised a total of $16.5M in funding to date.
How many funding rounds has ShiftBoard completed?
ShiftBoard has completed 3 funding rounds.
How much funding did ShiftBoard raise in its most recent funding round?
ShiftBoard raised $1M in its most recent funding round.
Who are the lead investors in ShiftBoard's latest funding round?
The lead investor in ShiftBoard's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in ShiftBoard's history?
The largest funding round in ShiftBoard's history was $11.5M.
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