Redwood City-based workforce management company Legion announced Tuesday that it raised $50 million in Series C financing. The raise was led by Stripes and brings the company’s total amount of funding secured to $85.5 million.
Legion’s Series C comes just nine months after it closed on its Series B. The new funding will help the company cope with surging demand for its platform in the wake of the pandemic. Legion has experienced 391 percent year-over-year growth, according to the company.
Legion’s AI-powered platform provides employers with demand forecasting insights, labor optimization tools and automated scheduling capabilities.
Through the company’s mobile app, users can share scheduling preferences, view and swap their upcoming shifts and more.
“Our mission of turning hourly jobs into good jobs is even more critical now,” Sanish Mondkar, the company’s founder and CEO, said in a statement. “With the challenges faced by every industry in the past year, employers need flexible, efficient ways to engage with and retain their hourly employees.”
Legion works with employers in 38 countries to boost employee engagement and retention. The company’s platform is used across the retail, manufacturing, hospitality and food service industries, to name a few.
“While we are proud of the accomplishments so far, there is a lot more that can be done. Many industries rely on the 73.3 million Americans that made up the hourly workforce in 2020,” Mondkar continued. “Yet, employers have historically struggled to provide these employees with the same level of flexibility and digital experience given to corporate, salaried employees. These benefits are crucial for employee retention and engagement, and [we] can help!”
Following the latest raise, Legion plans to build on its growth momentum. The company will invest the additional capital in accelerating its hiring efforts as well as research and development of its core product.
Legion is now hiring for dozens of open in-person and remote-based positions across its marketing, engineering and customer success teams.
Additional investors Norwest Venture Partners, First Round Capital and XYZ Ventures participated in the round, among others.
