SINGAPORE (THE BUSINESS TIMES) – Workforce management startup StaffAny has raised US$3.4 million (S$4.6 million) in a series funding round Led by GGV Capital, a global venture capital firm with US$9.2 billion in assets under management.
Other investors in the round included East Ventures, FreakOut Shinsei Fund, Far East Ventures, Farquhar Venture Capital and Mr. Allen Shim, the former CFO of software company Slack.
Founded by a team of National University of Singapore (NUS) and NUS Overseas Colleges alumni, StaffAny helps businesses with a blue-collar workforce optimize their workforce scheduling, time tracking and the consolidation of timesheets at the end of the month.
Although food and beverage is the industry hardest hit by Covid-19, StaffAny has seen “strong growth and unprecedented adoption” among small and medium-sized businesses, “a testament to its product and the resilience of its management team,” said GGV Capital. Global Managing Partner Jixun Foo.
Last year, StaffAny’s workforce management solution tracked more than 11 million work hours, said co-founder Eugene Ng.
The start-up has updated its platform to support companies struggling with Covid-19 regulations. It introduced integrations with TraceTogether in Singapore and MySejahtera in Malaysia for contact tracing, staff vaccination status updates and reminders to perform Covid-19 tests.
New features implemented last year include Auto-Scheduling, where employees are scheduled into empty shifts based on customizable criteria and rules, and Sales-Based Scheduling, which allows managers to allocate labor- work to achieve sales targets and sales per hour worked.
StaffAny plans to expand beyond Singapore and target markets in Malaysia and Indonesia. He is developing a new product to help companies improve employee engagement and retention.