OnShift Grabs $7 Million in Series C Funding Round
The round was led by new investor HLM Venture Partners and included participation from OnShift’s institutional investor, Draper Triangle Ventures.Web-based staff scheduling and labor management software OnShift, which has increased its customer base to over 1,000 sites during the past year, announced that it has closed $7 million in Series C financing. The company said the investment would be used to accelerate OnShift’s research and development plans and increase its presence in the health care market through sales and marketing. "Healthcare reform and an aging population are changing the game for long-term care and senior living providers. OnShift is in the right place, at the right time, with innovative staffing and labor management products and services that help providers realize operational, financial and quality improvements," Mark Woodka, CEO of OnShift, said in a statement. "Staffing and labor management have risen to the top of executive agendas. This investment will help us meet this demand by increasing product development and accelerating our growth." The round was led by new investor HLM Venture Partners and included participation from OnShift’s institutional investors Draper Triangle Ventures, Early Stage Partners, Fifth Third Capital, Glengary LLC, and West Capital Partners, according to an OnShift release.
OnShift is a cloud-based application, delivered as Software as a Service (SaaS) that is designed to help control labor costs by preventing overtime, increase efficiencies through automated scheduling and open shift management, deliver proactive staffing management, and improve quality of care.