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- Shiftsmart
Shiftsmart Funding, Investors & Competitors
Shiftsmart has raised $121M across 4 funding rounds, most recently a $95M Series B in December 2021.
Last Shiftsmart funding round
$95M
Series B · Dec 2021
Cumulative funding Shiftsmart raised
$121M
across 4 funding rounds
Key investors in Shiftsmart
Spieker Partners
Perot Jain
HALL Group
SoftBank Group
Mark Cuban
D1 Capital Partners
Imaginary Ventures
WeWork
About Shiftsmart
Shiftsmart is an on-demand labor marketplace pairing part-time workers with shifts in warehousing, events, retail, and merchandising. New York-headquartered since 2015, it operates nationwide, providing pay transparency and training modules for blue-collar opportunities.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Commission
Shiftsmart Funding History
Shiftsmart has raised a total of $121M across 4 funding rounds.
Shiftsmart's first fundraising round was a $3M seed round in April 2017. The most recent completed round was a $95M Series B in December 2021.
Shiftsmart funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Dec 2021 | Series B | D1 Capital Partners (lead); S12F; Spieker Partners; Imaginary Ventures; OakRidge Management Group | $95M | Shiftsmart is a labor management platform founded in Dallas in 2015 that operates an online marketplace connecting hourly workers with employers seeking to fill shifts across various industry verticals. The company empowers workers by providing increased flexibility and income opportunities while helping employers access a larger pool of qualified workers and improve staffing efficiency. On December 2, 2021, Shiftsmart announced a $95 million Series B funding round led by D1 Capital Partners, with participation from Imaginary Ventures, Spieker Partners, S12F, Oakridge Management Group, and several industry executives and institutions. The round brought total capital raised to $117 million. Proceeds were allocated toward scaling existing verticals in audits and contracts, retail, and global logistics, as well as launching new verticals such as healthcare and hiring additional staff. At the time of the Series B, Shiftsmart had demonstrated strong operational traction. The company reported that both revenue and staff had doubled over the previous 12 months, with headcount reaching 60 employees (up from approximately 30 a year prior). The platform had built a network exceeding 400,000 workers spanning 50 countries and served notable customers including Circle K, Humana, Deloitte, Airbnb, the Small Business Administration, US Census Bureau, Google, Apple, Levi's, Subway, and Hewlett-Packard. The company was recognized with multiple accolades including a spot on the 2021 Deloitte Technology Fast 500 and selection as a finalist in Fast Company's 50 World Changing Ideas of 2021. CEO Aakash Kumar and President Patrick Brandt were Southwest finalists for EY Entrepreneur of the Year. Investors highlighted the company's ability to address the tight labor market and elevated job churn rates by providing technology-enabled workforce flexibility and efficiency. |
| Jan 2020 | Series A | HALL Group; SoftBank Group; WeWork; Mark Cuban; Spieker Partners; Perot Jain | $17M | - |
| Jun 2017 | Series A | HALL Group; Spieker Partners; Perot Jain | $6M | Shiftsmart raised $6 million in an undisclosed round on June 30, 2017, from investors HALL Group, Perot Jain, and Spieker Partners. The company operates as a workforce marketplace connecting dynamic workers with companies needing staffing solutions. |
| Apr 2017 | Seed | - | $3M | - |
Who has invested in Shiftsmart?
10 investors have backed Shiftsmart across its funding rounds, including Spieker Partners, Perot Jain, HALL Group, SoftBank Group, Mark Cuban and D1 Capital Partners.
Lead investors include D1 Capital Partners.
Shiftsmart Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Jun 2017 | ||
| 2 | Participant | Jun 2017 | ||
| 2 | Participant | Jun 2017 | ||
| 1 | Participant | Jan 2020 | ||
| 1 | Participant | Jan 2020 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Jan 2020 | ||
| 1 | Lead | Dec 2021 | ||
This data is available for Pro users. Sign up to see all 10 Shiftsmart investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialShiftsmart Competitors
Shiftsmart competitors include listed companies like Recruit Holdings, BOSS Zhipin, Seek and Visional, and private ones like Andela and Clipboard Health.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $24B | $4B | $156B | 6.0x | ||
| Publicly listed | $1.2B | $493M | $6.6B | 2.6x | ||
| Publicly listed | $914M | ($63M) | $3.1B | 4.5x | ||
| Publicly listed | $515M | $157M | $2.2B | 2.6x | ||
| Private | $50M | - | $1.5B | - | ||
| Private | - | - | $1.3B | - |
Shiftsmart Public Comps
Shiftsmart is still privately-owned, but its public comps include Amazon, Alibaba Group, Recruit Holdings, Uber, Pinduoduo, MercadoLibre, Prosus, DoorDash, Carvana and Sea.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $717B | $161B | 3.9x | 3.5x | 17.5x | 13.8x | |||
| $153B | $15B | 1.7x | 1.6x | 17.5x | 13.0x | |||
| $24B | $4B | 6.4x | 6.0x | 37.9x | 25.2x | |||
| $52B | $6.2B | 3.0x | 2.8x | 24.9x | 14.6x | |||
| $64B | $14B | 0.7x | 0.7x | 3.1x | 2.8x | |||
| $29B | $3.7B | 3.5x | 2.6x | 27.2x | 25.1x | |||
| $9.7B | $1.1B | 9.1x | 8.0x | 83.8x | 123.7x | |||
| $14B | $1.5B | 6.0x | 4.9x | 55.8x | 23.7x | |||
This data is available for Pro users. Sign up to see all Shiftsmart competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Shiftsmart
| When was Shiftsmart founded? | Shiftsmart was founded in 2015. |
| Where is Shiftsmart headquartered? | Shiftsmart is headquartered in New York City, NY, United States. |
| Is Shiftsmart publicly listed? | No, Shiftsmart is a private, VC-backed company. |
| How much funding has Shiftsmart raised? | Shiftsmart has raised $121M across 4 funding rounds. |
| What was Shiftsmart's last funding round? | Shiftsmart's last funding round was a $95M Series B in December 2021, led by D1 Capital Partners. |
| Who are Shiftsmart's investors? | Shiftsmart's investors include Spieker Partners, HALL Group, Perot Jain, SoftBank Group, WeWork, S12F, Mark Cuban, D1 Capital Partners, Imaginary Ventures and OakRidge Management Group. |
| Which companies are comparable to Shiftsmart? | Companies comparable to Shiftsmart include Recruit Holdings, BOSS Zhipin, Seek, Visional, Andela and Clipboard Health. |
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