Legion Technologies Valuation, Funding & Investors
Legion Technologies is valued at $39M as of September 2017.
Last Legion Technologies valuation
$39M
Series A · Sep 2017
Last Legion Technologies funding round
$50M
Undisclosed stage · Dec 2024
Cumulative funding Legion Technologies raised
$186M
across 6 funding rounds
Key investors in Legion Technologies
XYZ Venture Capital
Webb Investment Network
Norwest
First Round Capital
Stripes
Dollar General
About Legion Technologies
Legion Technologies is a San Francisco-headquartered workforce management platform provider. Its AI-driven solution optimizes scheduling, demand forecasting, and labor allocation for retail, hospitality, and healthcare sectors. The platform integrates with POS systems and HR tools, deploying via web and mobile apps for shift bidding and compliance tracking.
Founded
2016
HQ
San Jose, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$39M (Sep 2017)
Legion Technologies Valuation
Legion Technologies is currently valued at $39M, based on its Series A in September 2017.
The $11M round was led by Norwest, with participation from XYZ Venture Capital, First Round Capital and Webb Investment Network.
Legion Technologies valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2017 | Series A | $39M |
Legion Technologies Funding History
Legion Technologies has raised a total of $186M across 6 funding rounds.
Legion Technologies' first fundraising round was a $3M seed round in July 2016. The most recent completed round was a $50M undisclosed-stage round in December 2024.
Legion Technologies funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2024 | Undisclosed stage | Silicon Valley Bank (lead) | $50M | - | Legion Technologies, based in Santa Clara, California, develops an AI-powered workforce management (WFM) platform focused on optimizing scheduling, time and attendance, shift management, labor efficiency, and employee engagement for hourly workers. The platform uses intelligent automation to improve operational efficiency, reduce attrition, boost productivity, and deliver high ROI, with recent launches including 70 new features such as employee productivity-based scheduling and Legion CoPilot AI tool. On December 12, 2024, Legion secured $50 million in financing from Silicon Valley Bank (SVB), a division of First Citizens Bank, bringing its total funding to $195 million after a prior $50 million growth round led by Riverwood Capital earlier in 2024, rounding out $100 million raised that year. This SVB financing supports Legion's continued innovation in AI-native WFM solutions amid growing demand for tools that enhance labor operations and employee experiences in hourly jobs. CEO Sanish Mondkar highlighted the capital's validation of Legion's mission to transform hourly jobs, citing tremendous growth driven by market needs. SVB's Marisa Phan emphasized Legion's role in shaping the future of work through intelligent automation. The funding follows a strong fiscal year with revenue growth (unspecified), new regional customer footprints, and platform enhancements. Earlier in 2024, Legion raised $50 million led by Riverwood Capital with participation from Norwest, Stripes, Webb Investment Network, and XYZ, increasing total funding to $145 million at that time, aimed at accelerating go-to-market and R&D efforts. The company targets industries like retail and hospitality, positioning against traditional WFM with employee-centric, AI-driven alternatives. |
| May 2024 | Series D | Riverwood Capital (lead); XYZ Venture Capital; Norwest; Webb Investment Network; Stripes | $50M | - | Legion Technologies is a workforce management (WFM) platform founded in 2016 that uses artificial intelligence to help businesses optimize labor efficiency while enhancing employee engagement. The company's AI-native platform provides intelligent scheduling, automation, and employee-centric tools accessible through a web platform and mobile app. In May 2024, Legion announced a $50 million growth round led by Riverwood Capital with participation from existing investors Norwest Venture Partners, Stripes, Webb Investment Network, and XYZ Ventures. This round brought Legion's total funding to $145 million and was intended to accelerate go-to-market initiatives, including the launch of a European GTM team, and bolster R&D efforts. The company demonstrated strong momentum leading into the round, earning recognition from multiple industry award programs including the Global Excellence Award for Most Innovative Workforce Management Platform and Business Intelligence Group's Excellence in AI Awards. Legion achieved recognition on the Inc. 5000 and Deloitte 500 rankings for two consecutive years. By later in 2024, Legion secured an additional $50 million in debt financing from Silicon Valley Bank (a division of First Citizens Bank), bringing total funding to $195 million, and launched 70 new product features including Employee Productivity-Based Scheduling and Legion Copilot. The company formalized a partnership with SAP to enable seamless integration with SAP SuccessFactors, positioning itself as a comprehensive solution for hourly workforce optimization in industries such as manufacturing and healthcare. |
| May 2021 | Series C | Stripes (lead); XYZ Venture Capital; First Round Capital; Norwest; Dollar General; Webb Investment Network | $50M | - | Legion Technologies develops an AI-powered workforce management platform that optimizes scheduling, reduces labor costs, ensures compliance, and improves employee experiences for hourly workforces in retail, hospitality, healthcare, and manufacturing. The Series C round of $50 million on May 11, 2021, was led by Stripes with participation from Norwest Venture Partners, First Round Capital, XYZ Ventures, Webb Investment Network, and Dollar General, bringing total funding to $85.5 million. Funds were allocated to accelerate hiring, product innovation, and expansion amid post-pandemic workforce recovery. This round followed a $22 million Series B in September 2020, also led by Stripes, driven by heightened demand during COVID-19. By May 2021, Legion reported 391% growth from May 2020 and served over 20 customers managing 500,000+ employees, including Rite Aid, Barry’s, Panda Express, The RealReal, MUJI, SoulCycle, and Mattress Firm. Legion has been recognized as a Gartner Cool Vendor and featured on JMP Securities' Hot 100 List. Subsequent funding included a $50 million growth round in May 2024 and $50 million debt in December 2024. |
| Sep 2020 | Series B | Stripes (lead); XYZ Venture Capital; First Round Capital; Norwest; Workday Ventures; Dollar General; Webb Investment Network; NTT DOCOMO Ventures | $22M | - | Legion Technologies is an AI-powered workforce management platform founded by Sanish Mondkar in 2016, headquartered in Redwood City, California. The company offers an autonomous, AI-driven solution that enables enterprises and mid-market companies to manage hourly workforces by optimizing labor spending while improving employee engagement. Its platform serves customers across retail, hospitality, healthcare, and manufacturing sectors, helping reduce labor costs, compliance risks, inefficiencies, and improving employee retention. In September 2020, Legion closed a $22 million Series B funding round led by Stripes, with participation from Workday Ventures, Dollar General, and NTT DOCOMO Ventures, alongside existing investors Norwest Venture Partners, First Round Capital, XYZ Ventures, and Webb Investment Network. This round brought total capital raised to $35.5 million and came at a time of exceptional growth, with the company expanding by nearly 300 percent in the preceding 12 months and onboarding over 18,000 locations since April 2020. Key customers included Dollar General, Cinemark Theaters, and RaceTrac Petroleum, with customers collectively managing over 300,000 employees on the platform and Legion's largest customer operating over 100,000 employees on the system. The pandemic accelerated adoption, as companies faced unprecedented workforce management challenges; Legion enhanced its platform with new features including contact tracing, healthy worker identification, and streamlined employee communication tools. The company reported that customers achieved at least a 10x return on investment through improved labor deployment and retention, with many reducing employee churn by 30 to 50 percent. |
| Sep 2017 | Series A | Norwest (lead); XYZ Venture Capital; First Round Capital; Webb Investment Network | $11M | $39M | Legion Technologies raised a $10.5 million Series A round on September 27, 2017, led by Norwest Venture Partners, with participation from First Round Capital, XYZ Ventures, and Webb Investment Network. The post-money valuation was $38.88 million. The funding supported expansion of its automated employee scheduling tool into the larger hourly retail sector beyond initial customers like Philz Coffee. Legion Technologies provides an AI-powered workforce management platform focused on optimizing labor efficiency, employee engagement, and scheduling for hourly workers. The Series A followed a seed round, enabling product rollout and team growth. |
| Jul 2016 | Seed | XYZ Venture Capital; First Round Capital; Webb Investment Network | $3M | - | - |
Who has invested in Legion Technologies?
10 investors have backed Legion Technologies across its funding rounds, including XYZ Venture Capital, Webb Investment Network, Norwest, First Round Capital, Stripes and Dollar General.
Lead investors include Silicon Valley Bank, Riverwood Capital, Stripes and Norwest.
Legion Technologies Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 5 | Participant | Jul 2016 | |
| San Francisco, CA | 5 | Participant | Jul 2016 | |
| Philadelphia, PA | 4 | Participant | Jul 2016 | |
| San Francisco, CA | 4 | Lead | Sep 2017 | |
| New York City, NY | 3 | Lead | Sep 2020 | |
| Tennessee, IL | 2 | Participant | Sep 2020 | |
| San Francisco, CA | 1 | Lead | May 2024 | |
| San Francisco, CA | 1 | Participant | Sep 2020 | |
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Start Free TrialLegion Technologies Competitors
Legion Technologies competitors include listed companies like PaySauce and Baiya International Group, and private ones like ChangeEngine, Dinari, Emtrain and Healsgood Ai LTD.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | - | - | $40M | - | |
| San Francisco, CA | Private | - | - | $40M | - | |
| San Francisco, CA | Private | - | - | $40M | - | |
 UAE | Private | - | - | $40M | - | |
 New Zealand | Publicly listed | $4M | ($582K) | $20M | 1.3x | |
 China | Publicly listed | $16M | ($9M) | $14M | - |
Legion Technologies Public Comps
Legion Technologies is still privately-owned, but its public comps include Kinatico, PaySauce, Safeture, Baiya International Group, Coel, Xref, Dillistone Group, Reliability, Emplocity and Human Technologies.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $25M | $4M | 1.5x | 1.4x | 9.3x | 8.4x | |||
| $4M | ($582K) | 2.0x | 1.3x | (12.2x) | 65.8x | |||
| $6M | $766K | 1.9x | 1.7x | 14.6x | 9.5x | |||
| $16M | ($9M) | 0.9x | - | (1.5x) | - | |||
| $15M | $2M | 0.3x | - | 3.0x | - | |||
| $15M | $2M | 0.7x | - | 6.4x | - | |||
| $6M | $1M | 1.5x | 1.6x | 6.9x | - | |||
| $21M | ($1M) | 0.1x | - | (2.2x) | - | |||
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Common questions about Legion Technologies
| When was Legion Technologies founded? | Legion Technologies was founded in 2016. |
| Where is Legion Technologies headquartered? | Legion Technologies is headquartered in San Jose, CA, United States. |
| Is Legion Technologies publicly listed? | No, Legion Technologies is a private, VC-backed company. |
| What is Legion Technologies' valuation? | Legion Technologies was last valued at $39M in its Series A in September 2017. |
| How much funding has Legion Technologies raised? | Legion Technologies has raised $186M across 6 funding rounds. |
| What was Legion Technologies' last funding round? | Legion Technologies' last funding round was a $50M undisclosed-stage round in December 2024, led by Silicon Valley Bank. |
| Who are Legion Technologies' investors? | Legion Technologies' investors include XYZ Venture Capital, Webb Investment Network, First Round Capital, Norwest, Stripes, Dollar General, Riverwood Capital, Workday Ventures, Silicon Valley Bank and NTT DOCOMO Ventures. |
| Which companies are comparable to Legion Technologies? | Companies comparable to Legion Technologies include ChangeEngine, Dinari, Emtrain, Healsgood Ai LTD, PaySauce and Baiya International Group. |
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