Workforce management company Legion has closed its Series C funding round on $55m, just nine months after it closed its Series B.
This investment comes after a strong period of growth, with Legion claiming to have witnessed a 391% year-over-year growth rate.
Funds from the Series C will be used to further Legion’s innovation efforts and bolster its AI-powered workforce management capabilities.
Legion’s services are used in the financial services, retail, hospitality and food industries. Use cases include compliance, budget control, workforce sharing, scheduling, time and attendance, employee engagement and much more.
To support with compliance, the platform manages the complexities of labour laws through alerts and reporting, compliant schedules and automated computing premium pay.
In a blogpost announcing the funding, Legion said, “Our mission of turning hourly jobs into good jobs is even more critical now. With the challenges faced by every industry in 2020, all labour-intensive businesses need automated, intelligent tools to manage labour costs very tightly while increasing employee productivity and engagement.
“Our customers have already seen significant labour savings, a 50% reduction in scheduling time, and more than 95% employee engagement with Legion WFM.”
The FinTech previously raised $22m in its Series B and has pulled in a total of $85.5m in total equity funding.
Copyright © 2018 RegTech Analyst
