REDWOOD CITY, Calif.--(BUSINESS WIRE)--Legion, the AI-powered workforce management company redefining how enterprise companies manage and empower their hourly workforces, today announced a $50M Series C investment round. Led by Stripes, this funding also includes participation from existing investors Norwest Venture Partners, First Round Capital, XYZ Ventures, Webb Investment Network, and Dollar General. The company plans to use this newly secured financing to build on its momentum to increase hiring and accelerate product innovation.
After a year of tremendous growth (391% year-over-year) driven by surging demand for Legion’s innovative workforce management platform, Legion’s Series C comes just nine months after the company secured a $22M Series B and brings the total amount of funding secured to $85.5M. Fueled by new demands from the COVID-19 pandemic and strong execution, Legion’s AI-powered platform has become an essential technology solution for businesses in the retail, distribution, manufacturing, hospitality, and food services industries, specifically to provide increased flexibility and safety to workers.
“Our mission of turning hourly jobs into good jobs is even more critical now,” said Sanish Mondkar, CEO and founder of Legion Technologies. “With the challenges faced by every industry in the past year, employers need flexible, efficient ways to engage with – and retain – their hourly employees. Using Legion WFM, employers can optimize their operations while increasing employee engagement, resulting in increased productivity and commitment.”
Many industries rely on the 73.3 million Americans that make up the hourly workforce, yet have historically struggled to provide the same flexibility and modern tools to this population of workers as they do corporate, salaried employees. Legion WFM is helping bridge the gap by enabling employers to optimize their labor efficiency through AI-powered demand forecasting, labor optimization, automated scheduling, and time and attendance. At the same time, employers can offer an enhanced hourly employee experience with schedules that better match employees’ preferences, gig-like flexibility, and modern digital tools. Through the Legion WFM mobile app, employees can share scheduling preferences, view upcoming shifts, swap shifts, and more. These benefits are crucial for employee retention and engagement.
“Legion is transforming workforce management with an AI-powered platform that is delivering unprecedented savings and value to employers while simultaneously improving the lives of hourly workers. We’re so excited to play a part in its continued success,” said Paul Melchiorre, Operating Partner at Stripes.
“Despite the challenges of the past year, Legion has managed to come out on top and maintain their incredible growth due to impressive execution and innovation, which is why we decided to double down on our investment in the company,” added Saagar Kulkarni, Stripes Partner.
To learn more about Legion WFM or explore career opportunities, visit https://legion.co.
Legion is on a mission to make hourly jobs into good jobs through its automated, AI-powered workforce management platform. Customers in more than 38 countries use Legion WFM to lower costs, reduce compliance risks and labor inefficiencies and boost employee engagement across industries, including retail, distribution, hospitality, healthcare, and manufacturing.
Founded by Sanish Mondkar, the former Chief Product Officer of SAP and Ariba, Legion serves many innovative customers, including Cinemark, Six Flags, Portillos, and more. The company has been recognized as a Gartner Cool Vendor and included on JMP Securities' Hot 100 List of the Best Privately Held Software Companies. Legion is headquartered in Redwood City, Calif. and is backed by investors, including Norwest Venture Partners, Stripes, First Round Capital, XYZ Ventures, Webb Investment Network, and NTT DOCOMO Ventures. For more info on Legion, visit https://legion.co.
Stripes is a leading growth equity firm that partners with founders who are building the best products in the software and consumer markets. Stripes’ software practice invests in leading horizontal and vertical software platforms servicing customers from SMB to Enterprise around the world. Stripes strives to serve its partners by delivering valuable resources to create transformative companies. For more information on Stripes, please visit https://www.stripes.co.