Skedulo Closes $28 Million Round Of Funding Led By Microsoft’s M12

By Dan Anderson ● March 29, 2019

Photo Credit: Skedulo

Skedulo, a mobile workforce management company, announced it raised $28 million in Series B funding led by Microsoft’s venture capital arm M12. Returning investors Blackbird and Costanoa Ventures also participated in this round. Including this round, Skedulo has raised $40.5 million. In conjunction with this funding round, M12 principal Priya Saiprasad is joining Skedulo’s board of directors.

“Since day one, Skedulo has been focused on helping companies overcome the significant challenges of managing their deskless workforce. This is an increasingly complex problem that impacts billions of mobile workers across millions of enterprises worldwide,” said Skedulo co-founder and CEO Matt Fairhurst. “It’s a problem that Skedulo is committed to addressing at scale – something no other solution provider has ever done. We’re inspired every day by our customers who use Skedulo to engage with their workforce in new and innovative ways, from managing schedules to driving productivity.”

With this funding round, Skedulo plans to increase headcount by 118% across its four offices. And the company is also adding 60 new employees to its offices in Australia across Brisbane and Sydney.

Skedulo is also going to continue advancing its Mastermind intelligence engine — which is a powerful solution that automates and optimizes the matching of available and qualified employees to customer needs within the context of the company’s priorities.  And Skedulo is planning to introduce new analytics features and increase the intelligence of the platform through additional machine learning capabilities.

With Skedulo’s web and mobile applications, service and operations teams are able to offer faster and easier scheduling and matching at a lower cost to improve customer and employee satisfaction.

“Skedulo makes it easier than ever for modern businesses to manage a mobile workforce, providing customers the tools and resources needed to empower their employees on the go,” added Saiprasad. “We’re excited to support the Skedulo team in its efforts to better serve customers by enhancing the way employers engage with their employees.”

Going forward, Skedulo will be enabling more integrations with enterprise systems of record like human resource management, financial management, EHRs, and payroll systems. Plus the enhancements will serve to increase workflow capabilities while delivering greater flexibility around customization and configuration. This will allow Skedulo to me the growing demand for advanced mobile workforce management solutions.