Legion Technologies Raises $22 Million Series B as Demand for Next Generation Workforce Management Accelerates

REDWOOD CITY, Calif., Sept. 2, 2020 /PRNewswire-PRWeb/ -- Legion, the AI-powered workforce management solution that simultaneously drives labor efficiency and employee engagement, today announced a $22 million Series B financing. This funding round will enable Legion to serve the increasing global demand for its next-generation workforce management platform. The round was led by Stripes, with Workday Ventures, Dollar General and NTT DOCOMO Ventures joining the round. Existing investors Norwest Venture Partners, First Round Capital, XYZ Ventures and Webb Investment Network also participated. This round brings the total amount raised to $35.5 million.

"Legion was founded to help improve the lives of hourly employees while helping businesses meet the challenges presented by a rapidly evolving market," said Sanish Mondkar, Founder and CEO of Legion. "We are thrilled to partner with some incredible investors and customers as we enter the next phase of our company's growth, reimagining workforce management for the 21st century."

In the last 12 months the company has grown by almost 300%, with customers including Dollar General, Cinemark Theaters, and Racetrac Petroleum managing over 300,000 employees on the Legion platform. The company has brought over 18,000 locations live since April, an unprecedented pace set by the increased need for next-generation workforce management capabilities across all industries due to COVID-19.

"We are thrilled to partner with Sanish and the Legion team as they enable enterprise and mid-market companies to better manage their hourly workforces. For companies in the services industry, workforce management is spend management, and has never been more critical to sustain long-term durability," said Paul Melchiorre, Stripes Operating Partner who will join Legion's board of directors. "In a world after COVID, Legion's complete suite of workforce management modules, coupled with the recently released healthy worker capabilities, will create incredible value for its customers as they safely and efficiently navigate the road to recovery," added Saagar Kulkarni, Stripes Partner.

"Our portfolio is centered around accelerating the growth of emerging enterprise software companies, and Legion is a great addition," said Mark Peek, managing director and co-head, Workday Ventures. "We look forward to supporting Legion in shaping tomorrow's technology."

About Legion
Legion powers the future of work by redefining how companies manage and empower their hourly workforces. Legion's autonomous, AI-powered Workforce Management platform enables companies to tightly manage labor spend while ensuring great experiences for their employees. Customers across industries including retail, hospitality, healthcare, and manufacturing use Legion to reduce costs, compliance risks and labor inefficiencies, and boost employee engagement. Legion has been recognized as a Gartner Cool Vendor, and was recently included on JMP Securities' Hot 100 List of the Best Privately Held Software Companies. Legion is headquartered in Redwood City, Calif. and is backed by investors including Norwest Venture Partners, Stripes, First Round Capital, XYZ Ventures, Webb Investment Network, Workday Ventures, and NTT DOCOMO Ventures. For more on Legion visit http://www.legion.co.

About Stripes
Stripes is a leading growth equity firm that partners with founders who are building the best products in the software and consumer markets. Stripes' software practice invests in leading horizontal and vertical software platforms servicing customers from SMB to Enterprise around the world. Stripes strives to serve its partners by delivering valuable resources to create transformative companies. For more information on Stripes, please visit http://www.stripes.co.

SOURCE Legion Technologies

Related Links

http://www.legion.co