Saskatoon’s 7shifts has raised $21.5 million in Series B funding led by Enlightened Hospitality Investments (EHI), the growth equity fund affiliated with Union Square Hospitality Group (USHG).
7shifts is experiencing record new client onboarding, as restaurateurs seek out tools to simplify team management and increase profitability, all of which has become even more critical during the global pandemic and as their businesses begin to rebound. 7shifts’ network now comprises more than 500,000 restaurant professionals across 18,000 locations around the world.
7shifts will use this latest round of funding to continue scaling its passionate team and expand its product offering, including deepening its capabilities in the core areas of scheduling and employee communication, accelerating technology integrations to provide a more holistic view of the business, and rolling out the next generation of tools purpose-built for restaurateurs and their teams.
Founded by restaurateur and industry visionary Danny Meyer in 1985, USHG operates some of New York City’s most beloved restaurants including Gramercy Tavern and Union Square Cafe. EHI was formed in 2016 to make strategic investments in best-in-class companies that have excellent management teams and corporate cultures.
EHI’s investment follows a very successful implementation of 7shifts across USHG’s portfolio of cafes, bars and restaurants and will add EHI to 7shifts’ Board of Directors. The round also includes participation from existing investors Ten Coves Capital, Relay Ventures, and Conexus Venture Capital.