About Quinyx
Quinyx is a company based in Stockholm (Sweden) founded in 2005.. Quinyx has raised $103.3 million across 5 funding rounds from investors including Battery Ventures, Zobito and Alfvén & Didrikson. Quinyx has completed 2 acquisitions, including ConcretePlatform and Widget Brain. Quinyx offers products and services including Workforce Management, Scheduling, Time & Attendance, and Demand Forecasting. Quinyx operates in a competitive market with competitors including Legion, WorkJam, Harri, Work Market and Eden Workplace, among others.
- Headquarter Stockholm, Sweden
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Quinyx Ab
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$103.3 M (USD)
in 5 rounds
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Latest Funding Round
$50 M (USD), Series C
Nov 30, 2021
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Investors
Battery Ventures
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
ConcretePlatform
& 1 more
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Products & Services of Quinyx
Quinyx offers a comprehensive portfolio of products and services, including Workforce Management, Scheduling, Time & Attendance, and Demand 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.
Platform for automated scheduling and compliance in businesses.
AI-based system for efficient shift planning and cost control.
Tools for time-clocking and payroll integration management.
AI-driven predictions for accurate labor needs and optimization.
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Software Development Team
21 people
Product Management Team
18 people
Leadership Team
11 people
Senior Team
11 people
Sales and Marketing
6 people
Board Team
4 people
Operations Team
4 people
Data Analysis and Operations Team
4 people
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Funding Insights of Quinyx
Quinyx has successfully raised a total of $103.3M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $50 million completed in November 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 5
- Last Round Series C — $50.0M
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First Round
First Round
(14 Aug 2014)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2021 | Amount | Series C - Quinyx | Valuation | Battery Ventures |
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| Jan, 2019 | Amount | Series C - Quinyx | Valuation | Battery Ventures , Zobito |
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| Dec, 2017 | Amount | Series B - Quinyx | Valuation | Battery Ventures |
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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 Quinyx
Quinyx has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Battery Ventures, Zobito and Alfvén & Didrikson. 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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Investments in technology companies are conducted globally by Battery Ventures.
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Founded Year | Domain | Location | |
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Growth-stage tech investments are targeted in Sweden by Zobito.
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Founded Year | Domain | Location | |
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Early & mid-stage life sciences and tech focused VC firm investing primarily in Sweden
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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 Quinyx
Quinyx has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include ConcretePlatform and Widget Brain. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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AI-powered contingent workforce management solutions are provided.
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2015 | ||||
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Manufacturer of fertilizers and chemical products
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Quinyx
| 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 |
Quinyx Comparisons
Competitors of Quinyx
Quinyx 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 Legion, WorkJam, Harri, Work Market and Eden Workplace, 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 management solutions are provided through intelligent automation technology.
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| domain | founded_year | HQ Location |
Hourly workforce schedules and communications are managed via software.
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| domain | founded_year | HQ Location |
Recruitment and workforce management are offered for hospitality.
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| domain | founded_year | HQ Location |
Freelance management, payments, and reporting are facilitated by AI software.
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| domain | founded_year | HQ Location |
SaaS-based workplace management software for offices is delivered.
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| domain | founded_year | HQ Location |
Cloud-based HCM software is provided for enterprise HR processes.
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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 Quinyx
Frequently Asked Questions about Quinyx
When was Quinyx founded?
Quinyx was founded in 2005 and raised its 1st funding round 9 years after it was founded.
Where is Quinyx located?
Quinyx is headquartered in Stockholm, Sweden.
Is Quinyx a funded company?
Quinyx is a funded company, having raised a total of $103.3M across 5 funding rounds to date. The company's 1st funding round was a Series B of $12M, raised on Aug 14, 2014.
What does Quinyx do?
Quinyx was founded in 2005 in Stockholm, Sweden, and provides cloud-based workforce management solutions. Operations focus on scheduling, task tracking, employee engagement, and pay calculations for frontline workers. Services include optimized forecasting, absentee monitoring, staff planning, and communication tools like Qmail and text messaging. The platform serves sectors such as retail, hospitality, healthcare, logistics, and facility management across various geographies.
What products or services does Quinyx offer?
Quinyx offers Workforce Management, Scheduling, Time & Attendance, and Demand Forecasting.
How many acquisitions has Quinyx made?
Quinyx has made 2 acquisitions, including ConcretePlatform, and Widget Brain.
Who are Quinyx's investors?
Quinyx has 3 investors. Key investors include Battery Ventures, Zobito, and Alfvén & Didrikson.