London, January 2019: Quinyx, a leading cloud provider of workforce management solutions, today announced a further $25 million investment in its global business. The company’s software helps businesses of all sizes manage employee scheduling, communication, task-management and payroll integration.
The investment was led by Quinyx’ existing investors Alfvén & Didrikson, Battery
Ventures and Zobito. The investment represents the largest investment in the
company to date, demonstrating confidence among its investors as it continues to
grow into the $2.4 billion global workforce management market*. The funding will further accelerate Quinyx’s roll-out of innovative features and new AI technologies
that will automate and streamline workforce management processes.
Quinyx currently has close to 500,000 employees on its platform, and supplies
workforce management technology to some of the world’s most admired companies.
Clients include McDonald’s, London City Airport, Burger King, Rituals, Swarovski,
IHG, Boots, and many more. Recent wins include Daniel Wellington and Odeon
Commenting on the investment, Erik Fjellborg, Founder and CEO of Quinyx said:
“Today’s announcement will help us to accelerate our growth journey and develop
and embed new technologies into our platforms to unlock the full potential of the
flexible workforce. Our mission is simple – to create a better life for millions of people
by improving their work lives.”
Maria Åhr, CEO of Alfvén & Didriksson: “Quinyx is a game changer in workforce
management. Its consistent growth and calibre of its customers confirms its strong
potential for future global growth. We look forward to playing an active role in the
company’s next chapter.“
Michael Brown, general partner of Battery Ventures added: “Having joined the board
at Quinyx when we invested in the company last year, I’ve seen first-hand the
ambition and drive Erik and his team have shown in going after this large market.
Quinyx has made significant progress in the last year by continuing to focus on the
strength of its technology. This new investment will help take Quinyx’s business to
the next level.”