HomeTechnologyFrontline worker HR platform Snapshift raises $45M round led by Highland Europe...

Frontline worker HR platform Snapshift raises $45M round led by Highland Europe – TechCrunch

With the so-called “Great resignation” many frontline staff (nurses, truck drivers and so on) are re-assessing their lives within the wake of the pandemic, whereas older corporations are battling this new world order. Employees additionally additionally now demanding higher communication, so appy-fying these comms is smart.

France-based Snapshift began out as a employees administration internet resolution for eating places and raised solely €3.9M from Bpifrance and Femmes Business Angels. But it clearly hit on a intelligent concept, and one which is sort of tailored to the occasions we now reside in.

The HR platform has now re-fashioned itself as a platform for managing the so-called ‘deskless workforce’ – a modern identify for what was referred to as blue-collar or front-line staff.

It’s now raised $45 million in a Series A development fairness round led by Highland Europe, with participation from current traders Bpifrance and UL Invest.

Following what it calls “huge demand” for its providers in 2021, Snapshift now says it has 6,000+ clients together with Subway, Pizza Hut, Spar, Amorino, Biocoop, Fitness Park, Columbus Cafe and Carrefour.

The funding might be used to broaden to all SMEs within the restaurant, resort and retail sectors in Europe, with Spain as its first worldwide goal market.

Snapshift’s unique product was created by startup and restaurant entrepreneur Olivier Severyns to assist him handle his personal employees rotas. He later determined to launch Snapshift for different companies and now has over 70 staff, and is aiming for 150 in 2022.

Severyns stated: “Our mission is to help SMEs understand and optimize all things human resources-related, by simplifying payroll management, staff scheduling and providing guidance on complexities like ever-changing social and employment laws. Many of Snapshift’s customers have been affected by lasting talent retention issues, precipitated by Covid. Snapshift’s product enables our customers to modernize their management systems, and promote trust and transparency, making them ‘great places to work’ for employees.”

Jean Tardy-Joubert, Partner at Highland Europe, stated: “We spoke to countless businesses in the broad hospitality and service industries that are struggling with the exact pain point that Snapshift is solving. As many industries face growing staffing problems, we believe there is a vast opportunity for Snapshift to bring its mission-critical platform into other sectors. We are very impressed by what Olivier and his team have accomplished in such a short space of time.”

Severyns added: “Our biggest competitor is Excel – 80 to 90% of our clients are making the move from Excel to their first digital scheduling solution.”

However, Snapshift does have SaaS opponents within the form of Skello and Planday.

Skello, additionally based mostly out of France, has raised $54.4M so far, whereas Planday out of Denmark has raised $73.1M. As you possibly can see, the race is on to show the HR perform right into a easy app…



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