7shifts: Raises $21.5M in Series B Funding

7shifts Raises $21.5M in Series B Funding

  • 7shifts, a Saskatoon, Canada-based labor management platform for restaurants, raised $21.5m in Series B funding
  • The round was led by Enlightened Hospitality Investments (EHI), the growth equity fund affiliated with Union Square Hospitality Group (USHG)
  • The company intends to use the funds to continue scaling its team and expand its product offering
  • The platform provides a labor management platform used by over 500,000 restaurant pros across North America, Europe, the Middle East and Australia
  • The company network now comprises more than 500,000 restaurant professionals across 18,000 locations around the world
  • The company also has offices in Toronto and New Jersey
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Visa and TikTok Launch Creator Card, Enhancing Monetization for Influencers

New financial tool aims to streamline earnings for content creators.Highlights: Visa and TikTok have launched the new Creator...

Nium and Coinbase Strengthen Global Stablecoin Settlement Partnership

The collaboration aims to enhance cross-border payments using stablecoins.Highlights: Nium partners with Coinbase to optimize stablecoin settlements.The collaboration...

FCA Announces Second Cohort for AI Live Testing Initiative

New phase aims to improve integration of AI in financial services.Highlights: FCA launches second cohort for AI live...

Cab Payments Strengthens Case Against Helios Blocking Takeover Bid

Cab Payments contests Helios Investment's actions regarding merger talks.Highlights: Cab Payments accuses Helios of blocking a crucial takeover...