US-based human resources software provider Legion Technologies has secured $22m in a series B round that included retail chain Dollar General, enterprise software producer Workday and mobile network operator NTT Docomo.
Growth equity firm Stripes led the round, which also featured Norwest Venture Partners (NVP), First Round Capital, XYZ Ventures and Webb Investment Network, while Workday and NTT Docomo invested through Workday Ventures and NTT Docomo Ventures respectively.
Legion has built a software platform that utilises artificial intelligence to help businesses in sectors such as retail, manufacturing, hospitality and healthcare engage with their employees and reduce inefficiencies in organisation.
Sanish Mondkar, Legion’s founder and chief executive, said: “Legion was founded to help improve the lives of hourly employees while helping businesses meet the challenges presented by a rapidly evolving market.
“We are thrilled to partner with some incredible investors and customers as we enter the next phase of our company’s growth, reimagining workforce management for the 21st century.”
Mark Peek, managing director of Workday Ventures, added: “Our portfolio is centred around accelerating the growth of emerging enterprise software companies, and Legion is a great addition. We look forward to supporting Legion in shaping tomorrow’s technology.”
The company said the series B round took its overall funding to $35.5m. NVP led its last round, a $10.5m series A in 2017 that also featured existing investors First Round Capital, XYZ Ventures and Webb Investment Network.
