Mobile workforce management company Skedulo has raised a US$28 million Series B funding round led by M12, Microsoft’s venture arm.
Past investors Blackbird and Costanoa Ventures also participated in the round. The company, which was founded in Brisbane in 2013, has secured over $40 million in funding to date.
As part of the financing, Priya Saiprasad, Principal of M12, will join Skedulo’s Board of Directors.
“We founded our company in Brisbane nearly five years ago and we’ve remained focused on helping both Australian and global companies overcome the complex challenges of managing a deskless workforce. This is a challenge that impacts billions of mobile workers across millions of enterprises worldwide,” says Matt Fairhurst, CEO and co-founder of Skedulo.
Skedulo plans to use the funds to increase headcount by 118 per cent across its four offices, including adding 60 new sales, marketing, product design, software engineering, and other supporting employees to its Australian offices in Brisbane and Sydney. This will take the total headcount in Australia to more than 120 employees within the next 12 months.
The company plans to introduce new analytics features and increase the intelligence of the platform through additional machine learning capabilities. It will also build more integrations with enterprise systems of record, such as human resource management, financial management, electronic health records, and payroll systems.
“Skedulo makes it easier than ever for modern businesses to manage a mobile workforce, providing customers the tools and resources needed to empower their employees on the go,” said Priya Saiprasad, principal at M12. “We’re excited to support the Skedulo team in its efforts to better serve customers by enhancing the way employers engage with their employees.”
Skedulo has offices in the United States, Vietnam, and the United Kingdom and has worked with 120 companies, including as CSG Limited, HealthStrong, and ECL Group, to schedule and service more than five million appointments around the globe.
Niki Scevak, Partner at Blackbird Ventures, said, “Skedulo is a wonderful example of Australian technology companies thinking globally from day one, with a bold, significant mission. We continue to be inspired by how Skedulo continues to enable and equip the deskless workforce – and we’re proud to be reinvesting in this opportunity. Skedulo’s momentum is another example of how world-class technology companies can be created in Australia and achieve global success”.