Belgium’s HRTH scale up ShifterSpecialized in SAS Workforce Management Solutions, France, Spain and the Netherlands have announced a $ 1.5 million fund to raise funds to accelerate international growth.
The round of funds combines long -term, committed partners. Mike Vandenhoft, the primary investor and co-founder of the Newafmer, strengthens its equity part. He has joined the VC Fund Welvounders for the first time in the shifter.
“It is possible to achieve profitability without slow growth – we have proved it in 2021 but we could raise more, but we only chose to increase what needed to stay sticky and concentrated on creating actual values.” Lionel HermansCEO and co-founder of the shift.
Founded by Lionel Hermans and Vincent Belle in 2019, Shifter Specialist in Smart Staff Schedule and Worker Management. Its SAS Platform companies allows them to automat with many HR and pay -based tasks to manage the team schedule for a few clicks, to manage the tracking on time (punching, overtime, leave) and advanced integration.
The shifter earned a profit in 2021 when the shifter recorded 5% growth in the same year, allowing them to continue to expand for their new capital.
But the company has chosen. “Step on the accelerator“And use raised funds-a portion of which is to support its development across Europe and to enhance its research and development efforts with several new features in the pipeline: intelligent automatic schedule, advanced time-tracking equipment, deep wages and more.
Today, the startup has demanded about 1,800 clients – to larger companies from SMEs – and up to 2027 ARR target and return to the profit at the end of 2026, the number is planned to double the number.
“Our clients are our best research and development partners. Each valid suggestion can become a shifter feature used by a thousand – it is the power of a participatory application built with its community,“Add HermanThe
Shipper has been active in France since last year in ‘Light’ mode, encouraged by this experience and strong growing demand, the founders decided to allocate a significant portion of the funds raised to speed up operations in France.
Meanwhile, two high-deficient markets are being deployed: Spain and the Netherlands. The company believes that these countries are rich in the need for multi-site business and workforce, and as a logical step in the shift expansion strategy.
Their goal is to create a transcript of their success in France this year, while laying the foundation of sustainable presence in two newly committed markets. Shipper aims to be an original European HRTH player running intentionally with a clear vision and specific performance.
Shipper currently supports international chains such as Burger King, KFC and Quick, as well as premium groups and franchise networks.
The goals of the shift are to remain completely distinct from any specific Pay Rowl supplier, to maintain the ability to integrate with any selected person – to ensure the compatibility by not locking the users with a closed ecosystem.
This openness also applies to the temple staffing sector, with the active integration of players like Paramatta, enables the organization to centralize both internal and temporary staff in the shifter in a liquid and integrated way.
“Our ambition makes the shifter as unique and distinct HR cockpit enabled
Conversation with any tool of the company regardless of the selected partner or supplier,“Highlights ShifterThe
[publish_date
