- WorkJam, a leading digital workplace solutions provider for organizations with frontline employees, announced it raised $50 million
WorkJam — the leading digital workplace solutions provider for organizations with frontline employees — announced it has closed an oversubscribed $50 million round of funding led by Inovia Capital with participation from Fonds de Solidarité FTQ and Claridge. All existing investors also participated in the round, including Lerer Hippeau, Blumberg Capital, Harmony Partners and WorkJam’s management team.
This round of funding will enable WorkJam to continue to innovate, expand geographically, seek acquisitions, and invest in its employees. And this further solidifies its position in the market and advances its mission to help businesses achieve breakthrough cost-savings and productivity increases while cultivating an engaged and motivated non-desk employee workforce.
Along with the new funding round, Inovia Capital’s Growth Fund brings the deep operating expertise of its partners Dennis Kavelman and Patrick Pichette , former CFO’s of BlackBerry and Google, respectively as well as founder Chris Arsenault and the experience of Inovia’s global team and network of advisors. Kavelman will be joining WorkJam’s board of directors.
There are currently over 1.5 million frontline employees using WorkJam’s Digital Workplace Platform across 35 countries and operating in 28 languages.
WorkJam’s platform is deployed across multiple industries and it enables non-desk employees with scheduling capabilities and an open shift marketplace, task management, bi-directional communication between frontline and headquarters staff, mobile punching, training, surveys, and more into a unified set of mobile or desktop-based modules that can be deployed separately or together in as few as 5 days.
And with a history of working with mid-size and large enterprises, WorkJam has extensive experience in enabling communications and productivity improvements for frontline workforces and has built into the platform its expertise and experience in compliance needs, work rules, workflows, and best practices in optimizing employee engagement and cost-cutting.
Key Quotes:
“WorkJam’s ability to meet the needs of the modern frontline workforce strongly aligns with our thesis for the future of work. Not only are we impressed with WorkJam’s established leadership position versus other vendors in the high-growth employee engagement platform market, we’re impressed with WorkJam’s customer base, which includes some of the world’s largest companies and most iconic brands. We believe that given the current environment, it has never been more clear that every company with a frontline workforce will require a digital workplace platform like WorkJam’s, now, and into the future.”
-Inovia Capital partner Dennis Kavelman
“WorkJam’s vision has always been to help a broad spectrum of businesses — from mid-sized companies to larger enterprises — improve the management and livelihood of their frontline workforces. We’ve always believed in the positive impact our technology has on non-desk workers and the business goals of the companies that employ them. Now, we can further accelerate the digital transformation of scheduling, training and communication processes at a time when there are profound changes taking place which impact non-desk workers and how businesses operate. We are pleased to further our partnerships with existing investors and Inovia, a leading fund with a great track record.”
WorkJam CEO and president Steven Kramer
