WorkJam Secures $50 Million in Series D Funding Round
WorkJam, a leader in digital frontline workplace solutions, has recently raised $50 million in a Series D funding round. This significant investment, led by Fonds de solidarité FTQ and Inovia Capital, will be used for global expansion and product innovation. Steven Kramer, CEO of WorkJam, highlights their commitment to improving frontline workforce engagement and retention, particularly in the retail, hospitality, and manufacturing sectors. With clients like American Eagle Outfitters and Ulta Beauty, WorkJam is set to enhance its digital tools to empower and satisfy the modern workforce.
Frontline Workforce App Is Helping Retail, Hospitality and Manufacturing Companies Engage, Upskill and Retain Talent in a Tight Labor Market
WorkJamWill Use New Investment to Accelerate Global Expansion and Product Innovation
Montréal, November 22, 2022 WorkJam, the world’s leading digital frontline workplace, today announced it has secured $50 million in a Series D funding round jointly led by new investor the Fonds de solidarité FTQ and returning investor Inovia Capital. Blumberg Capital and new investor Demopolis Equity Partners also participated in the round. WorkJam will use the new funding to expand its reach in Europe, Southeast Asia, Latin America and the U.S., fuel product innovation, and accelerate its business growth.
“Enterprise businesses across retail, hospitality, manufacturing and other industries are still dealing with turbulence within the workforce and the ripple effects of the Great Resignation,” said Steven Kramer, CEO of WorkJam. “We’re extremely proud to partner with this prestigious group of investors as we accelerate our momentum and help companies across the globe improve frontline workforce engagement, retention, job satisfaction and well-being.”
Amid a tight labor market, companies in multiple industries are competing intensely for talent and adopting WorkJam’s technology to empower their frontline employees with digital tools that help them seamlessly manage their schedules and tasks, access learning modules and features, and communicate with colleagues at every level of their organization. American Eagle Outfitters, Aramark, Circle K, DaVita Healthcare, Shell and Ulta Beauty are among the leading global companies equipping frontline staff with the WorkJam app to drive retention, productivity and workplace happiness.
“The Fonds de solidarité FTQ is proud to continue its partnership with WorkJam, a company that creates healthy, people-centered workplaces,” said Dany Pelletier, Executive Vice-President, Private Equity and Impact Investments, at the Fonds de solidarité FTQ. “WorkJam’s strong growth points to the significant value it brings companies and their frontline staffs. This investment will allow the company to expand its international client base and further develop its various platforms. The Fonds will always be there to support the company in its growth and future plans.”
“WorkJamoffers an unparalleled suite of digital capabilities that are positively transforming the workplace experience and helping companies connect to their frontline workers for happy and engaged employees,” said Tim Greenfield, Managing Partner, Demopolis Equity Partners. “WorkJam’s mission closely aligns with our own mission of creating significant economic value while making a positive contribution to society and we’re thrilled to partner with the company to support its vision and business growth.”
