When I Work Valuation, Funding & Investors

When I Work is valued at $1.1B as of November 2021.

Last When I Work valuation

$1.1B

Undisclosed stage · Nov 2021

Last When I Work funding round

$200M

Undisclosed stage · Nov 2021

Cumulative funding When I Work raised

$224M

across 4 funding rounds

Key investors in When I Work

  • Arthur Ventures
  • Headline
  • Greycroft
  • Bain Capital
  • Drive Capital
  • High Alpha

When I Work Overview

About When I Work

When I Work is an employee scheduling platform based in Minneapolis, Minnesota. Founded in 2010, it offers web and mobile apps for hourly workforce management, including shift creation, availability requests, and time-off tracking via text, email, and social integrations. The tool supports labor forecasting and overtime alerts for industries like retail and hospitality. When I Work serves businesses in the United States and Canada with features for multi-location operations.


Founded

2010

HQ

United StatesMinneapolis, MN

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$1.1B (Nov 2021)

When I Work Valuation

When I Work is currently valued at $1.1B, based on its undisclosed-stage round in November 2021.

The $200M round was led by Bain Capital, with participation from Arthur Ventures.

When I Work's valuation has grown 16x from $65M at its Series A in July 2015 to $1.1B in November 2021, across 2 priced rounds.

When I Work valuation by funding round

When I Work valuation by funding round
DateStageValuation
Nov 2021Undisclosed stage$1.1B
Jul 2015Series A$65M

When I Work Funding History

When I Work has raised a total of $224M across 4 funding rounds.

When I Work's first fundraising round was a $4M Series A in January 2014. The most recent completed round was a $200M undisclosed-stage round in November 2021.

When I Work funding rounds

When I Work funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2021Undisclosed stageBain Capital (lead); Arthur Ventures$200M$1.1BWhen I Work is a Minneapolis-founded SaaS platform for shift-based workforce management, offering employee scheduling, time-tracking, and team messaging to automate manual processes and improve productivity for frontline workers. Trusted by over 200,000 workplaces worldwide, it emphasizes an employee-first experience with features that save up to 60% of scheduling time. The company, operating remotely, targets shift-based industries to enhance team collaboration and agility. On November 1, 2021, When I Work secured a $200 million growth investment led by Bain Capital Tech Opportunities, with existing investor Arthur Ventures reinvesting. Described as a majority growth investment, the round valued the company at $1.05 billion according to PrivSource, though official announcements did not disclose the figure. Prior funding totaled just $24 million over 11 years from backers including Arthur Ventures, Drive Capital, Greycroft, and High Alpha. Piper Sandler advised on the transaction. The capital supports rapid expansion of its software suite, customer growth, product enhancements, and opportunistic acquisitions to strengthen its market position. CEO Martin Hartshorne noted the raise followed profitability achieved in June 2020 amid the pandemic, with growth exceeding 35% year-over-year. The investment positions When I Work to scale globally and solidify leadership in shift-based workforce software. Post-round developments include the 2023 acquisition of Lean Financial to add on-demand pay and fintech products for hourly workers, enhancing retention and financial wellness offerings.
Jun 2016Series BDrive Capital (lead); Arthur Ventures; High Alpha; Headline$15M-When I Work is a Minneapolis-based startup providing mobile scheduling, clock-in, and payroll integration tools for hourly workers at 50,000 workplaces reaching 2 million employees, including nurses and on-demand services like Munchery, Foodpanda, and Uber’s community service team. The company secured a $15 million Series B round on June 8, 2016, led by Drive Capital with participation from Arthur Ventures and High Alpha, following a $9 million Series A and bringing total funding to $24 million. Funds will support doubling down on communication and collaboration tools for the hourly workforce and hiring in engineering, product, sales, and marketing.
Jul 2015Series AArthur Ventures (lead); Greycroft; Headline$5M$65M-
Jan 2014Series AArthur Ventures; Greycroft; Headline$4M--

Who has invested in When I Work?

6 investors have backed When I Work across its funding rounds, including Arthur Ventures, Headline, Greycroft, Bain Capital, Drive Capital and High Alpha.

Lead investors include Bain Capital, Drive Capital and Arthur Ventures.


When I Work Investors

Investors in When I Work by funding rounds participated
InvestorHQRoundsRoleFirst check
Arthur VenturesUnited StatesMinneapolis, MN4LeadJan 2014
HeadlineUnited StatesSan Francisco, CA3ParticipantJan 2014
GreycroftUnited StatesNew York City, NY2ParticipantJan 2014
High AlphaUnited StatesIndianapolis, IN1ParticipantJun 2016

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by When I Work

When I Work has acquired 2 companies to date.

Last acquisition by When I Work was on July 11th 2023. When I Work acquired Lean Financial for undisclosed valuation.


Latest Acquisitions by When I Work

Lean Financial
Shifthub
Description
Lean Financial is a Sydney-based financial technology company offering streamlined lending and payment solutions for small businesses. It provides instant invoice financing and integrated banking services through its platform withlean.com.
Shifthub is a Vancouver-based cloud platform for staff scheduling targeted at 4.4 million small and medium businesses across North America. It enables quick schedule creation and publication, staff participation in management, and business growth via a mobile social features layer. The application addresses gaps in existing solutions for hourly workforce coordination in retail, hospitality, and services.
HQ CountryUnited StatesCanada
HQ City
San Diego, CA
Toronto
Deal Date11 Jul 202313 Jul 2015
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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When I Work Competitors

When I Work competitors include listed companies like Freee and ATOSS Software, and private ones like Deputy, Happyly, Assembled and Awardco.

Public and private companies comparable to When I Work
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
DeputyAustraliaSydneyPrivate$100M-$1.1B11.0x
HappylyUnited StatesWashington, DCPrivate--$1.1B-
AssembledUnited StatesSan Francisco, CAPrivate--$1B-
AwardcoUnited StatesSalt Lake City, UTPrivate--$1B-
FreeeJapanJapanPublicly listed$214M$6M$1.5B4.8x
ATOSS SoftwareGermanyGermanyPublicly listed$218M$84M$1.7B6.4x

When I Work Public Comps

When I Work is still privately-owned, but its public comps include Freee, Teamshares, ATOSS Software, Nordtech Group, AdvancedAdvT, Beisen Holding, Hilan, Zaggle Prepaid Ocean, Asure Software and DHI Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Freee$214M$6M6.3x4.8x237.7x65.4x
Teamshares$472M($23M)1.7x1.4x(35.0x)33.2x
ATOSS Software$218M$84M7.0x6.4x18.2x17.1x
Nordtech Group$72M$15M5.1x-25.2x-
AdvancedAdvT$72M$13M2.5x2.4x14.1x8.9x
Beisen Holding$165M$2M0.3x0.3x22.3x5.2x
Hilan$993M$154M1.8x-11.9x-
Zaggle Prepaid Ocean$199M$20M1.0x1.0x10.4x10.7x

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Common questions about When I Work

When was When I Work founded?When I Work was founded in 2010.
Where is When I Work headquartered?When I Work is headquartered in Minneapolis, MN, United States.
Is When I Work publicly listed?No, When I Work is a private, VC-backed company.
What is When I Work's valuation?When I Work was last valued at $1.1B in its undisclosed-stage round in November 2021.
How much funding has When I Work raised?When I Work has raised $224M across 4 funding rounds.
What was When I Work's last funding round?When I Work's last funding round was a $200M undisclosed-stage round in November 2021, led by Bain Capital.
Who are When I Work's investors?When I Work's investors include Arthur Ventures, Headline, Greycroft, High Alpha, Bain Capital and Drive Capital.
Which companies are comparable to When I Work?Companies comparable to When I Work include Deputy, Happyly, Assembled, Awardco, Freee and ATOSS Software.
How many companies has When I Work acquired?When I Work has acquired 2 companies, including Lean Financial and Shifthub.

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