Staff rostering platform Bizimply raises €2m and plans UK office
Dublin-based Bizimply has raised €2m to help it grow.
The tech company helps other businesses to manage employee rostering and costs.
Dublin and London private equity fund Causeway Capital led the investment round alongside 500 Startups, a global venture capital seed fund based in Silicon Valley.
Founded by Bono's brother, Norman Hewson, Gerard Forde and Mikey Cannon, Bizimply is a recent winner of the ESB Spark Of Genius award and the PITCH Alpha award at the 2015 Web Summit.
Bizimply is a workforce management platform for businesses with predominantly hourly paid workforces. Its cloud software provides multi-location businesses with an efficient and scalable way of scheduling employees, monitoring costs, managing attendance and keeping up-to-date HR records, and improving employee communication and engagement.
Backed by high profile and experienced investors including Ray Nolan (Skyscanner), Jerry Kennelly (tweak) and Bono, Bizimply is in over 450 locations in 11 countries. Clients include Wagamama, TGI Fridays, Insomnia Coffee, Mothercare and Compu b. The new funds will be used to expand Bizimply's sales and marketing capability. The company plans to create 15 new jobs over the next 12 months, the majority at the company's head office in Dublin, as well as open an office in London and the US.
"We have been growing rapidly over the past 12 months, with interest from businesses all around the world. The investment by Causeway Capital and 500 Startups will enable us to really scale the business and expand our team as we move to the next level," said Bizimply founder and CEO Gerard Forde.
Causeway Capital partner Matt Scaife said: "The Bizimply team has developed a world class product which saves its customers time, effort and money.
"A company's most valuable asset is its people and people management is so important to managers and business owners.
"Well-designed software can make such a difference - particularly in small to medium-sized businesses where management time is a scarce resource."
Pegasus Capital advised Bizimply on the fundraising. Dillon Eustace acted as legal advisers to Causeway Capital. Maples acted as legal advisor to Bizimply.