Widget Brain, a fast-growing startup from the Netherlands offering technology to optimise rostering, is expanding worldwide using a €2 million investment from Volta Ventures. With the investment, they plan to quickly expand worldwide, intensifying existing partnerships and creating new ones in Australia, Europe and North America at a faster rate.
Widget Brain’s mission is to maximise employee happiness, compliance and business performance through forecasting and scheduling. Their AI-driven workforce optimisation services allow companies to balance the different business objectives and to completely automate the rostering process, resulting in better schedules and a time reduction in making rosters of up to 75%. Their technology is an answer to the emergence of stricter labour laws, employees becoming harder to hire and retain, rising labour costs and more competitive SLAs.
Widget Brain was founded in Rotterdam, the Netherlands, at the end of 2015, and this is their first external capital raised. Their clients include major players such as McDonald’s, Dominos Pizza, Facilicom and CitizenM, who have managed to achieve 5% better business performance in terms of revenue and labour costs, fully comply with local labour laws and make fairer and more transparent work schedules. Since 2015, the company has opened two more offices in Burlington, VT (USA) and in Canberra (Australia), and currently employs more than 40 people.
“Customers are increasingly asking for automated scheduling services and they pay us monthly to provide the best schedules ever made. Because of our 141% growth in MRR, we decided in the summer that it was time to attract growth capital to fund this growth, and we found the best partner in Volta Ventures. They believe in our vision as a management team and support the expansion strategy wholeheartedly,” says Widget Brain CEO Joachim Arts.
Sander Vonk, partner at Volta Ventures, adds: “ In Widget Brain, we found the rare combination of an experienced and great team who built technology, went out to prove product-market fit and are now ready to scale. We look forward to supporting the team going forward and are sure the company will achieve great things.”