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Funding

Brisbane workforce productivity startup Skedulo raises $100 million from SoftBank

- July 9, 2021 2 MIN READ
Skedulo,Matt Fairhurst
Skedulo CEO Matt Fairhurst
Australian founded, US-based workplace productivity software venture Skedulo has raised $100 million in a series C from Japanese VC powerhouse SoftBank.

The US$75 million round for the San Francisco-headquartered venture was led by SoftBank Vision Fund 2. The US$30 billion fund’s other portfolio investments include chipmaker Sambanova, Didi Chuxing’s autonomous driving unit and ElevateBio.

Skedulo will use the US$75m round to develop and scale its platform, and expand internationally. The company has secured more than US$115 million in funding to date.

Founded in Brisbane in 2013 Skedulo helps companies manage, engage and analyse their deskless workforce, supporting the 80% of the global workforce who are not in an office setting.

SoftBank Investment Advisers partner Priya Saiprasad said they wanted to support the company’s ambition to become the new standard for deskless workforce productivity, covering sectors such as healthcare, utilities and construction.

“The pandemic dramatically accelerated the adoption of digital services for workers across many industries, including those who don’t work in a traditional office setting,” she said.

“Powered by AI and machine learning, Skedulo’s cloud-based software helps enterprises increase productivity by enabling them to intelligently manage and support deskless workforces.”

Skedulo has seen its annual recurring revenue increase by 400% over the last three years and now , and has expanded its global reach with partnerships all over the world.

Skedulo CEO Matt Fairhurst said the year had demonstrated a significant need for deskless scheduling and productivity technology worldwide.

“Throughout 2020, Skedulos helped frontline and deskless workers do their jobs more efficiently and effectively so they could focus on their roles – from mobile phlebotomists and vaccine administrators to solar technicians and commercial cleaning professionals,” he said.

“We will leverage the latest funding to continue to push the limits of innovation.”

The platform has now made more than 35 million appointments and also has offices in Australia, Vietnam, and the United Kingdom.

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