7shifts Funding, Investors & Competitors

7shifts has raised $128M across 7 funding rounds, most recently a $80M Series C in February 2022.

Last 7shifts funding round

$80M

Series C · Feb 2022

Cumulative funding 7shifts raised

$128M

across 7 funding rounds

Key investors in 7shifts

  • Relay Ventures
  • Tom Williams
  • Ten Coves Capital
  • Enlightened Hospitality Investments
  • Conexus Credit Union
  • Napier Park Global Capital
  • SoftBank Group
  • Boost VC

7shifts Overview

About 7shifts

7shifts is a Louisville-headquartered team management system designed exclusively for restaurants. Core features handle shift scheduling, time clocking, payroll integration, messaging, and tip pooling across front-of-house and back-of-house roles. Over 40,000 venues including chains like Sweetgreen and local diners rely on it alongside 1 million staff. Founded in 2012, the platform connects with POS systems such as Toast and Square to optimize labor costs and compliance.


Founded

2014

HQ

CanadaCanada

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

7shifts Funding History

7shifts has raised a total of $128M across 7 funding rounds.

7shifts' first fundraising round was a $900K seed round in May 2016. The most recent completed round was a $80M Series C in February 2022.

7shifts funding rounds

7shifts funding rounds
DateStageInvestorsRaisedDeal Summary
Feb 2022Series CSoftBank Group (lead); Enlightened Hospitality Investments; Ten Coves Capital$80M7shifts is a team management platform for restaurants, helping with scheduling, communication, hiring, onboarding, training, payroll, and retention to simplify operations amid labor challenges. The company announced an $80 million USD ($101.6 million CAD) Series C funding round led by SoftBank Vision Fund 2, with participation from existing investors Ten Coves Capital and Enlightened Hospitality Investments, affiliated with Danny Meyer's Union Square Hospitality Group. The round, referenced in announcements around February 10, 2022, and a blog post dated November 29, 2024, aims to double the team size and expand products for the employee lifecycle. At the time, 7shifts served over 27,000 restaurant locations and more than 1.5 million workers across North America, Europe, the Middle East, and Australia, with recent growth adding over 10,000 locations and 400,000 workers in the prior year. The platform has more than doubled its partner integrations for operational efficiencies and added multi-unit brands like FUSIAN, Salt & Straw, Hook & Reel, Mezeh Mediterranean Grill, and Flagship Restaurant Group. Over 650,000 restaurant professionals use the platform. Previously, 7shifts raised $21.5 million USD in Series B in May 2021 led by Enlightened Hospitality Investments and $10 million in 2019, bringing total funding to around $152 million. The company paused Series B plans in 2020 due to COVID-19, furloughing staff. The funding reflects demand for restaurant tech amid labor shortages, with the market expected to grow over 14% CAGR through 2025.
May 2021Series BEnlightened Hospitality Investments (lead); Union Square Hospitality Group (lead); Tom Williams; Relay Ventures; Ten Coves Capital; Conexus Credit Union$22M7shifts is a labor management platform for restaurants founded in Canada in 2014, with offices in Toronto and New Jersey. The company provides workforce management tools including scheduling, employee communication, and related HR capabilities designed to help restaurant operators manage their teams more effectively. In May 2021, 7shifts raised $21.5 million in Series B funding led by Enlightened Hospitality Investments (EHI), the growth equity fund affiliated with Union Square Hospitality Group (USHG), founded by restaurateur Danny Meyer. The round also included participation from existing investors Ten Coves Capital, Relay Ventures, and Conexus Venture Capital, with EHI gaining board representation. At the time of the Series B announcement, 7shifts reported serving more than 500,000 restaurant professionals across 18,000 locations worldwide and had experienced record new client onboarding during the pandemic recovery period. The funding was intended to accelerate product development, scale the team, expand technology integrations, and deepen capabilities in scheduling and employee communication. The company had previously furloughed a quarter of its staff during a difficult period, but recovered and benefited from pandemic-driven demand as restaurants sought labor efficiency solutions.
Jul 2020Series ASaskWorks Venture Fund (lead)$6M-
Oct 2019Series AConexus Credit Union (lead); Napier Park Global Capital (lead); Relay Ventures (lead)$6M7shifts is a labor management software platform for restaurants, offering scheduling and communication tools. The company raised $6 million in a Series A-II funding round on October 1, 2019, from Conexus Credit Union, Napier Park Global Capital, and Relay Ventures. This followed a $10 million raise in January 2019 and preceded later rounds including a Series B of $17.81 million in May 2021 and a Series C of $80 million in February 2022.
Jan 2019Series ANapier Park Global Capital (lead); Tom Williams; Teamworthy Ventures; Relay Ventures; Heron Rock Fund; Peter Harrison$10M7shifts received $10 million in venture funding in January 2019 from investors including Heron Rock Fund, Napier Park Global Capital, Peter Harrison, Relay Ventures, Teamworthy Ventures, and Tom Williams, with Napier Park Global Capital as lead investor. The company provides software services for the hospitality and restaurant management industry. Available data indicates 7shifts currently operates with 446 employees and generates approximately $82.1 million in estimated annual revenue, though this figure reflects current operations rather than metrics from the time of the January 2019 funding round.
Aug 2017SeedRelay Ventures (lead); Tandem Capital (lead); Tom Williams$4M7shifts is a labor management platform for restaurants focused on scheduling, communication, and cost control. On August 30, 2017, it raised $3.5 million in an Early Stage VC round led by Tandem Capital and Relay Ventures, bringing total funding to $4.5 million. The funds supported infrastructure expansion amid growing demand from North American restaurants. At the time, 7shifts had tripled revenue in the prior 12 months and doubled monthly shifts scheduled to 2 million within six months. The platform enabled quick onboarding in minutes and helped optimize workforce management to reduce labor costs. Investors highlighted its effectiveness in staff coordination and performance tracking. This round followed a $1.2 million seed in 2016 and an accelerator in April 2017, preceding later raises including Series A in 2019.
May 2016SeedRelay Ventures (lead); Globalive; Tim Draper; Boost VC$900K-

Who has invested in 7shifts?

16 investors have backed 7shifts across its funding rounds, including Relay Ventures, Tom Williams, Ten Coves Capital, Enlightened Hospitality Investments, Conexus Credit Union and Napier Park Global Capital.

Lead investors include SoftBank Group, Enlightened Hospitality Investments, Union Square Hospitality Group, SaskWorks Venture Fund, Conexus Credit Union and 3 other investors.


7shifts Investors

Investors in 7shifts by funding rounds participated
InvestorHQRoundsRoleFirst check
Relay VenturesCanadaToronto5LeadMay 2016
Tom WilliamsUnited StatesSan Francisco, CA3ParticipantAug 2017
Enlightened Hospitality InvestmentsUnited StatesNew York City, NY2LeadMay 2021
Ten Coves CapitalUnited StatesStamford, CT2ParticipantMay 2021
Napier Park Global CapitalUnited StatesNew York City, NY2LeadJan 2019
Conexus Credit UnionCanadaRegina2LeadOct 2019
Teamworthy VenturesUnited StatesUnited States1ParticipantJan 2019
SoftBank GroupJapanTokyo1LeadFeb 2022
Heron Rock FundCanadaOttawa1ParticipantJan 2019
GlobaliveCanadaToronto1ParticipantMay 2016
SaskWorks Venture FundCanadaRegina1LeadJul 2020
Tim DraperUnited StatesSan Francisco, CA1ParticipantMay 2016
Tandem CapitalUnited StatesSan Francisco, CA1LeadAug 2017

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7shifts Competitors

7shifts competitors include listed companies like SAP and Workday, and private ones like Homebase, Rippling, Replit and Checkr.

Public and private companies comparable to 7shifts
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
HomebaseUnited StatesSan Francisco, CAPrivate--$550M-
RipplingUnited StatesSan Francisco, CAPrivate$570M-$17B29.5x
ReplitUnited StatesSan Francisco, CAPrivate$1B-$9B9.0x
CheckrUnited StatesSan Francisco, CAPrivate$800M-$4.6B5.8x
SAPGermanyGermanyPublicly listed$42B$13B$248B5.4x
WorkdayUnited StatesUnited StatesPublicly listed$9.6B$1.2B$48B4.7x

7shifts Public Comps

7shifts is still privately-owned, but its public comps include SAP, Workday, Paychex, Toast, Paycom, Paylocity, Workiva, TOTVS, Shiji Group and Newland Digital Tech.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
SAP$42B$13B5.8x5.4x18.4x17.1x
Workday$9.6B$1.2B5.1x4.7x42.0x14.2x
Paychex$6.5B$3B6.9x6.8x15.1x14.5x
Toast$6.2B$359M2.6x2.3x44.6x20.8x
Paycom$2.1B$799M5.3x5.1x13.7x11.3x
Paylocity$1.8B$499M4.3x4.2x15.3x11.5x
Workiva$885M($33M)4.5x4.0x(120.8x)24.0x
TOTVS$1.1B$318M3.9x3.2x13.7x12.1x

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Common questions about 7shifts

When was 7shifts founded?7shifts was founded in 2014.
Where is 7shifts headquartered?7shifts is headquartered in Canada.
Is 7shifts publicly listed?No, 7shifts is a private, VC-backed company.
How much funding has 7shifts raised?7shifts has raised $128M across 7 funding rounds.
What was 7shifts' last funding round?7shifts' last funding round was a $80M Series C in February 2022, led by SoftBank Group.
Who are 7shifts' investors?7shifts' investors include Relay Ventures, Tom Williams, Enlightened Hospitality Investments, Ten Coves Capital, Napier Park Global Capital, Conexus Credit Union, Teamworthy Ventures, SoftBank Group, Heron Rock Fund, Globalive and 6 others.
Which companies are comparable to 7shifts?Companies comparable to 7shifts include Homebase, Rippling, Replit, Checkr, SAP and Workday.

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