Workforce management platform firm Skedulo closed on $28 million in Series B funding, bringing total fundraising for the mobile platform to more than $40 million since it was founded in 2013.
The latest round of funding was led by M12, formerly Microsoft Ventures, with participation from returning investors Blackbird Ventures in Australia and Costanoa Ventures in Palo Alto, Calif. As part of the recent financing, M12 principal Priya Saiprasad will join the firm’s board of directors.
Skedulo has about 110 employees across four offices, in Brisbane and Sydney, Australia, Ho Chi Minh City, Vietnam, and its San Francisco, Calif., headquarters. The company plans to use the funding to increase headcount by 130 staff, including 60 new employees at its offices in Brisbane and Sydney.
The platform is comprised of a web and mobile application. Skedulo has enabled more than 120 companies, including Easterseals Bay Area, Achieve3000 and Area Wide Protective, to schedule and service more than five million appointments around the globe.
In November 2016, Skedulo closed $9.2 million in Series A funding led by Costanoa Venture Capital, an early stage investor in cloud-based services for “businesses and consumers leveraging data and analytics.” Blackbird Ventures also participated in that earlier round, bringing total funding to $11 million at the time.
Skedulo will continue to advance its Mastermind intelligence engine, which “automates and optimizes the matching of available and qualified employees to customer needs within the context of the company’s priorities.” It plans to introduce new analytics features and increase intelligence of the platform through additional machine learning (ML) capabilities. The company will enable more integration with enterprise systems of record, such as human resources management, financial management, electronic health records, and payroll systems.
By the end of 2022, the global Mobile Workforce Management category is estimated to reach a record $9 billion in revenue.
