Updated with corrected funding details
Dayforce, a company offering online tools to help businesses manage their employees, is raising $10 million in new funding.
The company is headquartered in Toronto and sells an application with features like labor forecasting, worker scheduling, time management, and employee attendance. The company’s website highlights its ability to show how worker performance affects company performance. The company also stresses the value of combining all this data in a single application and the fact that Dayforce can be set up in a matter of days.
The investment is scheduled in two parts — Dayforce raised $5 million from from Bridgescale Partners, a firm focusing on later-stage deals, with another $5 million coming within a month. This brings the company’s total funding to more than $20 million.
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