About 7shifts
7shifts is a company based in Regina (Canada) founded in 2011. It operates as a SaaS (Software-as-a-Service). 7shifts has raised $127.89 million across 9 funding rounds from investors including Napier Park Global Capital, Globalive Capital and SoftBank Vision Fund. 7shifts offers products and services including Restaurant Scheduling, Time Clocking, Payroll, Tip Management, and Team Engagement. 7shifts operates in a competitive market with competitors including Planday, Skedulo, Shiftboard, Agendrix and Shyftplan, among others.
- Headquarter Regina, Canada
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Sectors
ConsumerTechnology
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Phone
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Website
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Social
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- Legal Name 7Shifts Employee Scheduling Software Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$127.89 M (USD)
in 9 rounds
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Latest Funding Round
$6 M (USD), Series C
Dec 01, 2024
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Investors
Napier Park Global Capital
& 14 more
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Employee Count
Employee Count
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Products & Services of 7shifts
7shifts offers a comprehensive portfolio of products and services, including Restaurant Scheduling, Time Clocking, Payroll, Tip Management, and Team Engagement. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Shifts are assigned quickly and efficiently for restaurants.
Labor costs are reduced with mobile time tracking.
Staff payments are processed easily and on time.
Accuracy in tip pooling and payouts is improved.
Staff engagement is maintained to reduce turnover rates.
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Funding Insights of 7shifts
7shifts has successfully raised a total of $127.89M across 9 strategic funding rounds. The most recent funding activity was a Series C round of $6 million completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series C — $6.0M
- First Round First Round
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series C - 7shifts | Valuation | Napier Park Global Capital | |
| Feb, 2022 | Amount | Series C - 7shifts | Valuation | SoftBank Vision Fund | |
| May, 2021 | Amount | Series B - 7shifts | Valuation | Enlightened Hospitality Investments |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 7shifts
7shifts has secured backing from 15 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Napier Park Global Capital, Globalive Capital and SoftBank Vision Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Growth investments are made in people-driven hospitality companies.
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Founded Year | Domain | Location | |
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Fintech startups are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 7shifts
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 7shifts
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
7Shifts Comparisons
Competitors of 7shifts
7shifts operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Planday, Skedulo, Shiftboard, Agendrix and Shyftplan, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Workforce scheduling and HR solutions are provided for staffing optimization.
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| domain | founded_year | HQ Location |
Field workforce scheduling and mobile tracking software is offered.
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| domain | founded_year | HQ Location |
Cloud-based software for workforce shift scheduling is utilized.
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| domain | founded_year | HQ Location |
Cloud-based software for employee scheduling is provided.
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| domain | founded_year | HQ Location |
Shift-planning and payroll software is offered for SMEs via SaaS.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on 7Shifts
Frequently Asked Questions about 7shifts
When was 7shifts founded?
7shifts was founded in 2011 and raised its 1st funding round 4 years after it was founded.
Where is 7shifts located?
7shifts is headquartered in Regina, Canada. It is registered at Regina, Saskatchewan, Canada.
Who is the current CEO of 7shifts?
Jordan Boesch is the current CEO of 7shifts.
Is 7shifts a funded company?
7shifts is a funded company, having raised a total of $127.89M across 9 funding rounds to date. The company's 1st funding round was a Series B of $21.5M, raised on Jun 01, 2015.
What does 7shifts do?
Solutions for restaurant management are offered by 7shifts, focusing on scheduling, time clocking, payroll, tip management, and team engagement. Various restaurant types, including bakeries, bars, cafes, and franchises, are served. Tools and resources to enhance operational efficiency in the hospitality sector are provided. Integration with existing tools used by restaurants is supported to streamline processes.
Who are the top competitors of 7shifts?
7shifts's top competitors include Shiftboard, Planday and Agendrix.
What products or services does 7shifts offer?
7shifts offers Restaurant Scheduling, Time Clocking, Payroll, Tip Management, and Team Engagement.
Who are 7shifts's investors?
7shifts has 15 investors. Key investors include Napier Park Global Capital, Globalive Capital, SoftBank Vision Fund, Canadian Space Agency, and EHI.