What is ShiftBoard?
Shiftboard is a Seattle-based technology firm specializing in sophisticated workforce scheduling software. Its platform is engineered for demanding sectors such as manufacturing, energy, healthcare, and corrections, where precise and adaptive scheduling is paramount. The software automates the complex process of creating and managing employee schedules, enabling organizations to respond effectively to fluctuating labor demands, accommodate worker preferences, and ultimately enhance operational efficiency and employee satisfaction. The company's solutions are trusted by a broad spectrum of enterprise-level clients, facilitating streamlined workforce operations and improving communication channels 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 Arnold Venture Group and Voyager Capital
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 specializing in high-growth companies within supply chain, logistics, retail, and marketing technology. They leverage deep sector expertise to create value through collaboration and a focus on demand-driven solutions.
Voyager Capital
Voyager Capital focuses on first-round venture investments for entrepreneurs in the Pacific Northwest, particularly in B2B software, cloud infrastructure, and AI/ML-driven applications. They provide strategic support and industry connections to accelerate company growth.
Arnold Venture Group
Arnold Venture Group is a Seattle-based venture capital firm that specializes in digital and software investments, with a focus on seed-stage companies and B2B solutions in enterprise software, data enablement, and AI.
What's next for ShiftBoard?
The substantial enterprise-level funding and recent strategic investment indicate ShiftBoard is poised for accelerated growth and market expansion. This capital infusion is likely to fuel further development of its advanced scheduling capabilities, potentially incorporating more AI-driven features for predictive workforce management and enhanced compliance. The company may also focus on broadening its enterprise client base and strengthening its market presence in key sectors. Strategic partnerships and potential acquisitions could also be on the horizon as ShiftBoard aims to solidify its leadership in the workforce management software domain.
See full ShiftBoard company page
