Workforce management SaaS startup Quinyx gets $25M funding in a new round

Workforce management SaaS startup Quinyx gets $25M funding in a new round

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Not so long ago, Quinyx a cloud provider of workforce management solutions has secured $25 million investment led by existing investors Alfvén & Didrikson, Battery Ventures and Zobito.

This marks the largest investment ever in the history of Quinyx. Based out of Stockholm, the company will use this fund to roll-out the innovative features and new AI technologies that will automate and streamline workforce management processes.

World’s most admired companies!

It’s worth mentioning here that, Quinyx currently employs 500,000 people on its platform, and supplies workforce management technology to clients including McDonald’s, London City Airport, Burger King, Rituals, Swarovski, IHG, Boots, and many more.

Moreover, Gartner’s 2018 Market Guide for Workforce Management Applications has been published, identifying Quinyx as a representative vendor in the Workforce Management Applications market.

Helps businesses of all sizes!

Founded by Erik Fjellborg in 2005, Quinyx develops the innovative web-based workforce management application Quinyx WFM. On top of that, Quinyx AB has raised a total of $53.3M in funding over 4 rounds.

Furthermore, the company’s software helps businesses of all sizes manage employee scheduling, communication, task-management and payroll integration. With its core customer base in Europe, Quinyx has offices in UK, Sweden, Finland, Germany, Norway, Denmark and the Netherlands.

Commenting on the investment, Erik Fjellborg, Founder and CEO of Quinyx said:

Today’s announcement will help us to accelerate our growth journey and develop and embed new technologies into our platforms to unlock the full potential of the flexible workforce. Our mission is simple – to create a better life for millions of people by improving their work lives.”

Maria Åhr, CEO of Alfvén & Didriksson, said:

Quinyx is a game changer in workforce management. Its consistent growth and calibre of its customers confirm its strong potential for future global growth. We look forward to playing an active role in the company’s next chapter.“

Michael Brown, general partner of Battery Ventures added:

Having joined the board at Quinyx when we invested in the company last year, I’ve seen first-hand the ambition and drive Erik and his team have shown in going after this large market. Quinyx has made significant progress in the last year by continuing to focus on the strength of its technology. This new investment will help take Quinyx’s business to the next level.”

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