Hotel platform 7shifts secures C$101.6m to boost headcount and product development


The startup claims to have added more than 10,000 restaurants to its platform last year.

On the heels of what it called a year of significant growth, 7shifts secured C$101.6 million (US$80 million) in Series C funding. SoftBank Vision led the round with participation from existing investors Ten Coves Capital and Enlightened Hospitality Investments.

7shifts will use the latest round of funding to double the size of its team and continue building employee lifecycle products to help restaurant owners connect all aspects of their HR processes – from hiring, onboarding, training, planning and payment, to remember. The startup did not reveal a closing date for the round.

7shifts provides an end-to-end technology platform designed for restaurants to simplify the management of teams as they adapt to workforce challenges and face pressure on profitability and compliance . Its platform helps with things like team communication, task management, and tip pooling.

The startup says that over the past year, it has added over 10,000 locations and over 400,000 workers to its platform, and more than doubled its partner integrations.

RELATED: Why 7shifts Founder Jordan Boesch Fired the Majority of His Customers

7shifts recent growth includes the addition of a number of multi-unit brands including FUSIAN, Salt & Straw, Hook & Reel, Mezeh Mediterranean Grill and Flagship Restaurant Group.

The startup claims that more than 650,000 “catering pros” in North America, Europe, the Middle East and Australia use its platform.

Jordan Boesch started 7shifts in 2014 while working for his father at Quiznos. He witnessed the difficulty of scheduling first hand while watching his father manage and schedule multiple employees across his two locations – that’s when he started working 7 shifts.

The startup raised C$25.9m (US$21.5m) in Series B funding in May 2021. 7shifts’ total funding to date is approximately $152m. The startup originally planned to increase its Series B in March 2020. But, when COVID-19 hit and restaurants closed due to public health concerns, 7shifts put those plans on hold and was forced to lay off 40 of its 160 employees.

7shifts is currently headquartered in Saskatoon, with offices in Toronto and New Jersey. For its new headquarters, 7shifts leased 22,500 square feet of space in Nutrien Tower, a waterfront office and retail building at River Landing near downtown Saskatoon in October.

Source of images 7 teams.


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