Canada-based digital workplace technology provider WorkJam completed a $50m series C round on Monday featuring Novel TMT Ventures, the venture capital arm of telecommunications firm Novel Group.
VC firm Inovia Capital led the round, which included investment firm Claridge, Fonds de Solidarité FTQ and all the company’s existing backers. Lerer Hippeau, Blumberg Capital and Harmony Partners were all named in the latter group.
WorkJam has created a software platform available in 28 languages that enables enterprises to communicate with, train, schedule and assign tasks to remote employees through any mobile or desktop platform.
The series C funds will be invested in the company’s employees, it said, in addition to supporting international expansion and strategic acquisitions.
Steven Kramer, WorkJam’s president and chief executive, said: “We have 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.”
The only other funding disclosed by the company came when it raised $12m in 2017 from Novel TMT Ventures, Lerer Hippeau, Founder Collective, Blumberg Capital and WorkJam’s management team, who also took part in the latest round.
