Venture Capital News: Humanity.com Secures $9M in Series B
SAN FRANCISCO, CA, Fast-growing cloud-based workforce management platform, has secured $9 million in Series B funding.
Humanity.com, a fast-growing cloud-based workforce management platform, has secured $9 million in Series B funding. The round was led by MHS Capital, with participation from Point Nine Capital, Klever Internet Investments, Team Builder Ventures and Mark Britto, CEO of Boku. This round comes on the heels of a $3.2 million round in September 2014.
The funds will be used to support and expand Humanity, the next generation platform of Shiftplanning.com, the company's flagship online scheduling tool. Humanity will include a comprehensive suite of functionality that will encompass scheduling, labor and sales forecasting, performance evaluations, identity management, time and attendance tracking, payroll reporting, leave management and a secure communications platform, making Humanity flexible enough to meet the needs of any business and its employees.
'We invested in Humanity because Ryan and his team built an exemplary track record with Shiftplanning, which ultimately became the market leader in employee scheduling,' said Christoph Janz, managing partner at Point Nine Capital. 'With such a strong core product, this was a natural evolution to build a more robust, human resources tool for businesses and its employees.'
Humanity's new applications and features are built to serve the needs of both employers and employees. Through self-service applications, employees can interact with their managers and colleagues from their mobile devices or home computers. Humanity boosts productivity and employee job satisfaction while saving managers time and money.
New applications available on the Humanity platform include: Sessions, a secure messaging application that allows everyone in a company to communicate with each other in real time from one centralized location and Humanity Connect, a robust interface for connecting Humanity with third-party payroll providers.
'We are taking what we've learned over the past five years and creating a next generation workforce management solution so that companies can focus on their most important asset - their people,' said Ryan Fyfe, Founder and CEO, Humanity. 'We're anticipating our revenues and team size to grow by more than 100 percent in 2015, while investing heavily in product development and expanding our sales and marketing teams.'
Humanity added three prominent Silicon Valley executives to its Advisory Board: Victoria Treyger, the chief marketing officer at Kabbage, the leader in providing real- time, automated financing to small businesses; Michael Wolfe, technology entrepreneur and portfolio advisor at Point Nine Capital; and Mark Britto, Chairman and Founder of Boku.
About Humanity.com Inc.
Founded as Shiftplanning.com in 2010, Humanity is a comprehensive cloud-based workforce management platform for any small and medium-sized business (SMB) and its employees. The company is headquartered in San Francisco and has offices in Belgrade, Serbia. For more information please visit: Humanity.com.
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