Battery Ventures backs workforce management software company Quinyx in new $12M round



Quinyx, a Stockholm-headquartered firm that provides cloud-based software program to assist companies handle issues like worker scheduling, communication, task-management and payroll integration, has raised an additional $12 million in funding. Backing the spherical is VC agency Battery Ventures, which sees Boston-based Battery Common Companion Michael Brown be a part of the Quinyx board.

Based in 2005 by Erik Fjellborg, Quinyx’s CEO, after he spent the summer season working at McDonald’s, the corporate’s workforce administration software program targets employers of shift-based or ‘versatile’ employees, comparable to these working within the fast-food trade.

It allows them to switch extra arcane organisational strategies, together with Excel spreadsheets and even pen and paper, and legacy ‘on-premise’ software program. The Quinyx feature-set contains scheduling, shift planning and swapping, timesheet performance by way of employees checking in utilizing Quinyx’s cellular apps, and finances forecasting.

Curiously, McDonald’s since grew to become Quinyx’s first buyer, and the corporate now claims over 275,000 customers (i.e. employees) of its software program throughout 20 international locations. Clients embrace main manufacturers comparable to Papa John’s, Rituals Cosmetics, London Metropolis Airport, DHL, Humana, and Debenhams.

“My restaurant supervisor spent hours every single day managing fast schedule adjustments, absences and communication. My concept was to construct a cloud-based answer in order that the staff themselves may work together with the schedule and the office,” Fjellborg tells me.

“I consider the expertise working at McDonald’s has helped me construct software program that’s properly fitted to the sort of enterprise. In retail and hospitality individuals don’t have time to sit down on the pc. They want software program that’s fast and cellular in order that they be concentrate on serving their prospects.”

On opponents, Fjellborg argues that Quinyx’s principal competitor stays “excel spreadsheets which might be broadly used to create schedules in lots of companies”. Nonetheless, different startups that broadly function in the same area embrace the likes of Planday, Humanity, and 7shifts.

In the meantime, Battery Common Companion Michael Brown says the Quinyx funding ties right into a development that’s seeing the rise of cellular and less-expensive, more-flexible cloud software program change how corporations handle employees who aren’t at a desk all day. “The marketplace for this know-how is gigantic, and we predict Erik and his workforce are true pioneers on this space,” he says. “Quinyx has simply scratched the floor when it comes to the place it might probably take its enterprise”.


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