About Foko Retail
Foko Retail is a company based in Ottawa (Canada) founded in 2013 by Marc Gingras and Colin McDonald was acquired by WorkForce Software in May 2021.. Foko Retail has raised $5.45 million across 3 funding rounds from investors including WorkForce Software, BDC and Canadian Space Agency. Foko Retail offers products and services including Time and Attendance, Absence Management, Scheduling, and Labor Forecasting. Foko Retail operates in a competitive market with competitors including Humanity, TeamCore, Intelocate, Storee and Traxlo, among others.
- Headquarter Ottawa, Canada
- Founders Marc Gingras, Colin McDonald
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.45 M (USD)
in 3 rounds
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Latest Funding Round
$3 M (USD), Seed
Feb 17, 2021
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Investors
WorkForce Software
& 5 more
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Employee Count
Employee Count
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Acquired by
WorkForce Software
(May 01, 2021)
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Products & Services of Foko Retail
Foko Retail offers a comprehensive portfolio of products and services, including Time and Attendance, Absence Management, Scheduling, and Labor Forecasting. 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.
Software for tracking employee hours and attendance.
System for handling employee leaves and absences.
Platform for creating and optimizing work schedules.
Tools for predicting labor needs and costs.
Funding Insights of Foko Retail
Foko Retail has successfully raised a total of $5.45M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $3 million completed in February 2021. 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 3
- Last Round Seed — $3.0M
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First Round
First Round
(01 Jan 2014)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Seed - Foko Retail | Valuation | BDC | |
| Dec, 2014 | Amount | Seed - Foko Retail | Valuation |
investors |
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| Jan, 2014 | Amount | Seed - Foko Retail | Valuation |
investors |
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| 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 Foko Retail
Foko Retail has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include WorkForce Software, BDC and Canadian Space Agency. 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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Early-stage venture capital is provided to Canadian technology startups by Real Ventures.
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Founded Year | Domain | Location | |
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Venture capital investments in startups are provided by Mistral.
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Founded Year | Domain | Location | |
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Commercial banking services for small and medium-sized enterprises are provided.
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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 Foko Retail
| 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 - Foko Retail
| 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 |
Foko Retail Comparisons
Competitors of Foko Retail
Foko Retail 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 Humanity, TeamCore, Intelocate, Storee and Traxlo, 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 |
Cloud-based workforce management software is offered for scheduling and payroll.
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| domain | founded_year | HQ Location |
Workforce management software solutions are provided for in-store retail businesses.
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| domain | founded_year | HQ Location |
Provider of workforce management solution for businesses
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| domain | founded_year | HQ Location |
AI-based solutions for retail communication and task management are provided.
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| domain | founded_year | HQ Location |
Provider of store analysis solution for businesses
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Foko Retail
Frequently Asked Questions about Foko Retail
When was Foko Retail founded?
Foko Retail was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Foko Retail located?
Foko Retail is headquartered in Ottawa, Canada. It is registered at Ottawa, Ontario, Canada.
Who is the current CEO of Foko Retail?
Marc Gingras is the current CEO of Foko Retail. They have also founded this company.
Is Foko Retail a funded company?
Foko Retail is a funded company, having raised a total of $5.45M across 3 funding rounds to date. The company's 1st funding round was a Seed of $450K, raised on Jan 01, 2014.
What does Foko Retail do?
Foko Retail was founded in 2013 in Ottawa, Canada, and operates in the retail software sector. Solutions for merchandising, store operations management, workforce scheduling, monitoring, reporting, and analytics are offered to offline retailers. Integration with existing POS systems is supported. Features include photo sharing, direct messaging, file exchange, directive circulation, feedback collection, and group conversations to facilitate store communication.
Who are the top competitors of Foko Retail?
What products or services does Foko Retail offer?
Foko Retail offers Time and Attendance, Absence Management, Scheduling, and Labor Forecasting.
Who are Foko Retail's investors?
Foko Retail has 6 investors. Key investors include WorkForce Software, BDC, Canadian Space Agency, ID Gatineau, and Real Ventures.