Booking.com co-founder among investors as workforce management startup Planday raises $14m and plans US expansion

 
William Turvill
Follow William
RUSSIA-UKRAINE-CRISIS-FOREX-RUBLE
Planday has more than 100,000 users across 24 nations (Source: Getty)

Planday, a workforce management startup for shift-based businesses, has raised $14m (£9.7m) in its second funding round.

The round was led by Idinvest and also included angel investor Arthur Kosten, a co-founder of Booking.com.

Read more: London legal tech startup raises £1.7m in funding round

Planday received $3.75m in its first funding round, in 2014, and received further funding from angel investor Klaus Nyengaard last year.

The Danish startup said it has expanded 100 per cent year on year to more than 100,000 users across 24 nations, including the UK and United States.

Planday plans to use its latest funds to expand further into the US and strengthen in Europe.

Read more: London's getting a new £500m tech startup VC fund

Guillaume Durao, investment director at Idinvest, said: "Right now the workforce management space consists of tools that are either too simple with only a few features, or overly complex systems that are difficult to roll out.

"After a thorough analysis of the global market, we've found Planday to be a uniquely feature-rich SaaS [software as a service] solution that is specifically built to address the complex needs of a mid-sized business and easy to use for both employees and managers."

Related articles