Planday the workforce collaboration platform closes Round C funding of $ 40 million

In earlier rounds Planday had landed investment of $ 14 million in Series B in March 2016, led by Indivest with participation from Creandum. The Series A funding of $ 3.75 Million was lead by Creandum.

Image Source: Planday.com

Planday, a workforce collaboration platform founded in 2013 by Anders Frederiksen, and Mikkel Lomholthas has closed its Round C fundraising of $40 million. The lead investor for this round is Nordic financial services group, SEB Private Equity, with additional investment from some earlier investors. Planday already has seen investments from Nordic VC Creandum, Idinvest and LeadX Capital Partners.

In earlier rounds Planday had landed investment of $ 14 million in Series B in March 2016, led by Indivest with participation from Creandum. The Series A funding of $ 3.75 Million was lead by Creandum.

The present round of funding is expected to be used to extend the platform and to expand into new markets across Europe and North America, particularly in the U.S., where the Company experienced 90% growth in 2017.

Planday enables business with staff management, scheduling, communication, time tracking. The platform also helps with reporting related to wage costs, hours worked, revenue forecasts based on wage costs etc.  The company has developed a flexible rota scheduling platform that can be used by businesses managing shift workers to enable real-time, contextual communication between employees, managers and co-workers in industries that have been traditionally underserved by technological solutions.

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