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

Shiftsmart Overview

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

United StatesNew York City, NY

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

Shiftsmart funding rounds
DateStageInvestorsRaisedDeal Summary
Dec 2021Series BD1 Capital Partners (lead); S12F; Spieker Partners; Imaginary Ventures; OakRidge Management Group$95MShiftsmart 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 2020Series AHALL Group; SoftBank Group; WeWork; Mark Cuban; Spieker Partners; Perot Jain$17M-
Jun 2017Series AHALL Group; Spieker Partners; Perot Jain$6MShiftsmart 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 2017Seed-$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

Investors in Shiftsmart by funding rounds participated
InvestorHQRoundsRoleFirst check
Spieker PartnersUnited StatesSan Francisco, CA3ParticipantJun 2017
HALL GroupUnited StatesDallas, TX2ParticipantJun 2017
Perot JainUnited StatesDallas, TX2ParticipantJun 2017
SoftBank GroupJapanTokyo1ParticipantJan 2020
WeWorkUnited StatesNew York City, NY1ParticipantJan 2020
S12FUnited StatesNew York City, NY1ParticipantDec 2021
Mark CubanUnited StatesDallas, TX1ParticipantJan 2020
D1 Capital PartnersUnited StatesNew York City, NY1LeadDec 2021

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Shiftsmart Competitors

Shiftsmart competitors include listed companies like Recruit Holdings, BOSS Zhipin, Seek and Visional, and private ones like Andela and Clipboard Health.

Public and private companies comparable to Shiftsmart
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Recruit HoldingsJapanJapanPublicly listed$24B$4B$156B6.0x
BOSS ZhipinChinaChinaPublicly listed$1.2B$493M$6.6B2.6x
SeekAustraliaAustraliaPublicly listed$914M($63M)$3.1B4.5x
VisionalJapanJapanPublicly listed$515M$157M$2.2B2.6x
AndelaNigeriaLagosPrivate$50M-$1.5B-
Clipboard HealthUnited StatesSan Francisco, CAPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Amazon$717B$161B3.9x3.5x17.5x13.8x
Alibaba Group$153B$15B1.7x1.6x17.5x13.0x
Recruit Holdings$24B$4B6.4x6.0x37.9x25.2x
Uber$52B$6.2B3.0x2.8x24.9x14.6x
Pinduoduo$64B$14B0.7x0.7x3.1x2.8x
MercadoLibre$29B$3.7B3.5x2.6x27.2x25.1x
Prosus$9.7B$1.1B9.1x8.0x83.8x123.7x
DoorDash$14B$1.5B6.0x4.9x55.8x23.7x

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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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