Canada-based employee engagement platform developer WorkJam has secured $12m from investors including Novel TMT Ventures, the venture capital fund owned by telecommunications company Novel Group.
Venture capital funds Lerer Hippeau Ventures and Founder Collective, and VC firm Blumberg Capital also participated in the round along with WorkJam’s management team.
WorkJam has developed a mobile platform that helps businesses manage their hourly employees in industries such as retail, healthcare, hospitality, manufacturing and distribution.
The platform incorporates tools including training, communication, shift scheduling, task management, rewards and recognition, and a mobile time-clock. The funding will go to further development of the software as well as international growth.
Steven Kramer, WorkJam’s CEO, said: “We are proud to have caught the attention of some of the most respected names in technology investing, and look forward to having these new partners join us as we continue to make major strides in the global workforce management market for both large and mid-sized organisations.”