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- WorkJam
WorkJam Funding, Investors & Competitors
WorkJam has raised $167M across 5 funding rounds, most recently a $20M undisclosed-stage round in July 2024.
Last WorkJam funding round
$20M
Undisclosed stage · Jul 2024
Cumulative funding WorkJam raised
$167M
across 5 funding rounds
Key investors in WorkJam
Blumberg Capital
Lerer Hippeau
Inovia Capital
Fonds de solidarité FTQ
Founder Collective
Export Development Canada
Harmony Partners
Novel TMT Ventures
About WorkJam
WorkJam is a mobile-first workforce management platform for frontline employees in retail, hospitality, and healthcare. Founded in 2014 and headquartered in Montreal, Quebec, Canada, it handles shift scheduling, task assignment, communication, training modules, and performance recognition via its app. The suite optimizes labor costs through predictive forecasting and self-service features, serving over 1.5 million workers at clients like McDonald's and Lululemon. WorkJam operates in North America and Europe, driving 20 percent average productivity gains.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
WorkJam Funding History
WorkJam has raised a total of $167M across 5 funding rounds.
WorkJam's first fundraising round was a $12M Series A in February 2017. The most recent completed round was a $20M undisclosed-stage round in July 2024.
WorkJam funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2024 | Undisclosed stage | Export Development Canada (lead) | $20M | WorkJam, a Montreal-based digital frontline workplace platform founded in 2014, secured a $20 million investment from Export Development Canada (EDC) on approximately July 31, 2024. The funding, described as venture equity in an undisclosed round, will accelerate international expansion, particularly in Europe, Asia, and the EMEA region, including marketing efforts and growth initiatives. EDC, Canada's export credit agency, supports medium-sized Canadian businesses in global scaling through capital and expertise. WorkJam's platform offers a unified mobile/desktop solution for frontline workers, integrating scheduling, open shift marketplace, task management, bi-directional communication, mobile learning, surveys, workflow automation, and compliance tools in 50 languages. It serves Fortune 500 customers in retail, travel and hospitality, manufacturing, logistics, and healthcare, with over half operating internationally across more than 50 countries. Millions of frontline employees use it to digitize non-desk workflows, boost efficiency, productivity, retention, and job satisfaction. The investment builds on WorkJam's status as a global leader in frontline workforce orchestration, recently adding clients like Marks & Spencer and Metro Digital in EMEA. EDC highlighted WorkJam's high-growth trajectory and role in helping enterprises improve profitability while enhancing worker experiences for tens of millions. |
| Nov 2022 | Series D | Fonds de solidarité FTQ (lead); Inovia Capital (lead); Blumberg Capital; Demopolis Equity Partners | $50M | WorkJam is a Montreal-based software company providing a digital frontline workplace platform that combines communication, task management, learning, scheduling, and other tools in one app to enhance frontline worker productivity and engagement. The company serves major organizations including Ulta, Shell, TJX, Couche-Tard, Circle-K, and Panda Express, and was named among TIME100’s Most Influential Companies. In November 2022, WorkJam received a $50 million growth investment from investors including Demopolis Equity Partners, with the announcement dated November 22, 2022. Total funding across rounds reached approximately $147-167 million, with a most recent prior round of $20 million noted in some profiles. Employee count is reported around 238-340. WorkJam operates in the workforce management software space, competing with firms like Legion Technologies, with which it announced a partnership to elevate frontline operations. |
| Aug 2021 | Undisclosed stage | Silver Lake Waterman (lead) | $35M | WorkJam is a Montreal-based SaaS company providing a frontline digital workplace platform for organizations with frontline employees, offering tools for scheduling, training, task workflows, real-time communications, and integrations like WorkJam Everywhere for embedding into platforms such as Microsoft Teams. The platform targets the over 2 billion frontline worker market across industries including retail, healthcare, and energy, enabling operational efficiencies, collaboration, engagement, and retention. On August 3, 2021, WorkJam announced $35 million in growth financing from Silver Lake Waterman, a late-stage growth capital arm of Silver Lake focused on tech and tech-enabled companies pre-IPO. This minority investment followed a $70.6 million CAD Series C round led by Inovia about a year prior, bringing total funding to approximately $144 million CAD ($105 million USD) at that time. The funds were intended to fuel strong growth amid accelerating adoption, support global expansion, enhance go-to-market initiatives, broaden product features, and scale sales and marketing efforts internationally. WorkJam reported 250% annual user base growth, driven by demand from enterprises navigating labor market dynamics and COVID-19 challenges, with customers including major brands like Target and Kroger. Silver Lake Waterman highlighted WorkJam's strong value proposition for managing frontline human capital. A Forrester study commissioned by WorkJam claimed a fourfold ROI through improved operational efficiency. The financing positioned WorkJam to capitalize on the underserved frontline workforce management market, competing with solutions like Google Workspace for frontline workers. |
| Apr 2020 | Series C | Inovia Capital (lead); Lerer Hippeau; Fonds de solidarité FTQ; Blumberg Capital; Claridge; Harmony Partners | $50M | WorkJam is a digital workplace solutions provider offering an employee engagement suite for shift-based, hourly, and non-desk workers. The cloud-based platform supports scheduling, communication, learning, and recognition in 28 languages across 35 countries, serving clients like Royal Dutch Shell, Woolworths, Verizon, Avis Budget, Target, and Ulta Beauty. At the time of the funding, 1.5 million frontline employees used the platform. On April 6, 2020, WorkJam raised US$50 million in an oversubscribed Series C round led by Inovia Capital, with participation from Fonds de Solidarité FTQ, Claridge, and existing investors Lerer Hippeau, Blumberg Capital, and Harmony Partners. The funds were intended for product innovation, geographic expansion, acquisitions, and hiring. This brought total funding to $62 million. |
| Feb 2017 | Series A | Lerer Hippeau (lead); Blumberg Capital; Novel TMT Ventures; Founder Collective | $12M | WorkJam is a Montreal-based workforce management platform that provides mobile-first communication, scheduling, training, and engagement tools for hourly workers without company email access. Founded in 2014 by CEO Steven Kramer (who previously founded iCongo, acquired by SAP), WorkJam targets large enterprises in retail, hospitality, and other industries with significant hourly workforces—including clients such as department store chains and Shell gas stations. The company raised $12 million in growth financing in February 2017 from Lerer Hippeau Ventures, Blumberg Capital, Founder Collective, and Novel TMT Investments. The platform charges enterprises per project with subscription fees based on employee modules selected. |
Who has invested in WorkJam?
11 investors have backed WorkJam across its funding rounds, including Blumberg Capital, Lerer Hippeau, Inovia Capital, Fonds de solidarité FTQ, Founder Collective and Export Development Canada.
Lead investors include Export Development Canada, Fonds de solidarité FTQ, Inovia Capital, Silver Lake Waterman and Lerer Hippeau.
WorkJam Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Feb 2017 | ||
| 2 | Lead | Feb 2017 | ||
| 2 | Lead | Apr 2020 | ||
| 2 | Lead | Apr 2020 | ||
| 1 | Participant | Feb 2017 | ||
| 1 | Lead | Jul 2024 | ||
| 1 | Lead | Aug 2021 | ||
| 1 | Participant | Nov 2022 | ||
| 1 | Participant | Feb 2017 | ||
This data is available for Pro users. Sign up to see all 11 WorkJam investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by WorkJam
WorkJam has acquired 2 companies to date.
Last acquisition by WorkJam was on February 19th 2020. WorkJam acquired Forge for undisclosed valuation.
Latest Acquisitions by WorkJam
| Description | Forge is a San Francisco-headquartered workforce management platform founded in 2015. The software facilitates talent sharing, shift scheduling, and performance tracking for hourly workers in hospitality and retail. Features include candidate screening, background checks, geofenced attendance, and rewards programs integrated with payroll providers like ADP. | Peerio is a Montreal-headquartered secure communication platform founded in 2014, featuring end-to-end encrypted messaging, file sharing, and cloud storage for teams. It serves media outlets like The Washington Post and The New York Times for protecting confidential sources, with open-source code audited independently and coverage in Wired and PC World. |
| HQ Country | ||
| HQ City | Los Angeles, CA | Montreal |
| Deal Date | 19 Feb 2020 | 13 Jan 2019 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all WorkJam acquisitions and their M&A valuation multiples. Start Free Trial | ||
WorkJam Competitors
WorkJam competitors include listed companies like SAP, Workday, Paychex and Paycom, and private ones like Deel and Rippling.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $42B | $13B | $248B | 5.4x | ||
| Publicly listed | $9.6B | $1.2B | $48B | 4.7x | ||
| Publicly listed | $6.5B | $3B | $41B | 6.8x | ||
| Private | $1.7B | - | $17B | 10.0x | ||
| Private | $570M | - | $17B | 29.5x | ||
| Publicly listed | $2.1B | $799M | $10B | 5.1x |
WorkJam Public Comps
WorkJam is still privately-owned, but its public comps include SAP, Atlassian, Workday, Paychex, Twilio, Zoom, iFlytek, Paycom, Dropbox and Paylocity.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $42B | $13B | 5.8x | 5.4x | 18.4x | 17.1x | |||
| $6.6B | $142M | 7.4x | 7.2x | 342.1x | 23.7x | |||
| $9.6B | $1.2B | 5.1x | 4.7x | 42.0x | 14.2x | |||
| $6.5B | $3B | 6.9x | 6.8x | 15.1x | 14.5x | |||
| $5.1B | $251M | 7.1x | 6.3x | 144.6x | 30.2x | |||
| $4.9B | $2.6B | 4.0x | 3.9x | 7.7x | 9.1x | |||
| $4B | $465M | 3.7x | 3.4x | 31.7x | 40.6x | |||
| $2.1B | $799M | 5.3x | 5.1x | 13.7x | 11.3x | |||
This data is available for Pro users. Sign up to see all WorkJam competitors and their valuation data. Start Free Trial | ||||||||
Common questions about WorkJam
| When was WorkJam founded? | WorkJam was founded in 2014. |
| Where is WorkJam headquartered? | WorkJam is headquartered in Montreal, Canada. |
| Is WorkJam publicly listed? | No, WorkJam is a private, VC-backed company. |
| How much funding has WorkJam raised? | WorkJam has raised $167M across 5 funding rounds. |
| What was WorkJam's last funding round? | WorkJam's last funding round was a $20M undisclosed-stage round in July 2024, led by Export Development Canada. |
| Who are WorkJam's investors? | WorkJam's investors include Blumberg Capital, Lerer Hippeau, Fonds de solidarité FTQ, Inovia Capital, Novel TMT Ventures, Export Development Canada, Silver Lake Waterman, Demopolis Equity Partners, Founder Collective, Claridge and 1 other. |
| Which companies are comparable to WorkJam? | Companies comparable to WorkJam include SAP, Workday, Paychex, Deel, Rippling and Paycom. |
| How many companies has WorkJam acquired? | WorkJam has acquired 2 companies, including Forge and Peerio. |
See companies similar to WorkJam
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