Planday, a leading software-as-a-service solution for employee scheduling, has raised $ 3.75 from the venture capital firm Creandum. According to Planday, the fresh capital will be spent on the international expansion.
Christian Brøndum, the CEO of Planday, stated: “We have grown organically since day one, and we have been profitable from the beginning. Now, we take in extra capital to speed up our geographical expansion to take advantage of this billion dollar opportunity. Mid 2013, we went on the hunt for venture capital, and on our search, we found an investor, who will not just provide the necessary means for our growth, but is also extremely capable of understanding the challenges we face today and the ones we will meet in the future.”
Planday’s software solution simplifies the employee scheduling process, shift trading, communication, HR and payroll. Today, the majority of small and medium-sized businesses handle these tasks on whiteboards or in spreadsheets. However, these ways of managing employees and administrative tasks can be somehow inefficient and leave room for mistakes. This is where Planday has found their niche, creating an online solution accessible by everyone in the company and from any online platform including iPhone, Android, Windows or Mac. In the past few years, Planday has experienced more than 100% growth per year and is by the clear leader in the Nordic market.