The five-year-old company’s financing round was led by Napier Park Financial Partners, a New York-based private-equity group, with participation from Teamworthy Ventures, Relay Ventures and Peter Harrison, the U.S. hiring-service entrepreneur. More than 250,000 workers and 10,000 locations currently use 7shifts’ cloud-based software, which uses an app to simplify scheduling and employee communication. (Globe and Mail)
Skip to content
The five-year-old company’s financing round was led by Napier Park Financial Partners, a New York-based private-equity group, with participation from Teamworthy Ventures, Relay Ventures and Peter Harrison, the U.S. hiring-service entrepreneur. More than 250,000 workers and 10,000 locations currently use 7shifts’ cloud-based software, which uses an app to simplify scheduling and employee communication. (Globe and Mail)
Talking point: The deal is a milestone for Saskatchewan, as it’s the province’s largest cloud-tech deal since 2013. The company uses artificial intelligence to predict employee needs, using data from sources like historical sales and the weather. 7shifts CEO Jordan Boesch wants to invest the company’s new capital in machine learning to improve the app’s predictive scheduling, which the company currently claims is 90 per cent accurate. Boesch believes the Prairies have huge potential for Canadian startups, citing local success stories such as SkipTheDishes, the Winnipeg-based food-delivery platform that Britain’s Just Eat acquired in 2016.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Commentary
Carmichael: Canada’s biggest companies aren’t wired for growth. That’s a problem for us all
Briefing
Stellantis considering selling Ontario factory, union says
Intellectual property from failed New Brunswick nuclear developer sold to Ontario’s Nuclea Energy
Drone maker Volatus reports revenue dip as it struggles with its supply chains
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
