- Legion — an AI-powered workforce management company redefining how enterprise companies manage and empower their hourly workforces — announced recently that it raised a $50 million Series C investment round.
Legion — an AI-powered workforce management company redefining how enterprise companies manage and empower their hourly workforces — announced recently that it raised a $50 million Series C investment round. This funding round led by Stripes also includes participation from existing investors Norwest Venture Partners, First Round Capital, XYZ Ventures, Webb Investment Network, and Dollar General.
With the funding round, the company plans to build on its momentum to increase hiring and accelerate product innovation. Following a year of tremendous growth (391% year-over-year) driven by surging demand for Legion’s innovative workforce management platform, Legion’s Series C comes just 9 months after the company secured a $22 million Series B and brings the total amount of funding secured to $85.5 million.
Driven by new demands from the COVID-19 pandemic and strong execution, Legion’s AI-powered platform has become an essential technology solution for businesses in the retail, distribution, manufacturing, hospitality, and food services industries, specifically to provide increased flexibility and safety to workers.
Many industries are relying on the 73.3 million Americans that make up the hourly workforce, yet have historically struggled to provide the same flexibility and modern tools to this population of workers as they do corporate, salaried employees. And Legion WFM is helping bridge the gap by enabling employers to optimize their labor efficiency through AI-powered demand forecasting, labor optimization, automated scheduling, and time and attendance. And at the same time, employers can offer an enhanced hourly employee experience with schedules that better match employees’ preferences, gig-like flexibility, and modern digital tools. With the Legion WFM mobile app, employees can share scheduling preferences, view upcoming shifts, swap shifts, and more. These benefits are crucial for employee retention and engagement.
KEY QUOTES:
“Our mission of turning hourly jobs into good jobs is even more critical now. With the challenges faced by every industry in the past year, employers need flexible, efficient ways to engage with – and retain – their hourly employees. Using Legion WFM, employers can optimize their operations while increasing employee engagement, resulting in increased productivity and commitment.”
— Sanish Mondkar, CEO and founder of Legion Technologies
“Legion is transforming workforce management with an AI-powered platform that is delivering unprecedented savings and value to employers while simultaneously improving the lives of hourly workers. We’re so excited to play a part in its continued success.”
— Paul Melchiorre, Operating Partner at Stripes
“Despite the challenges of the past year, Legion has managed to come out on top and maintain their incredible growth due to impressive execution and innovation, which is why we decided to double down on our investment in the company.”
— Saagar Kulkarni, Stripes Partner
