Quinyx provides AI-powered workforce management software that automates scheduling, time reporting, communications, task management, budgeting and forecasting for hourly workforces. Its platform is used globally by customers including McDonald’s, Domino’s, Maersk, IHG, Sysco and DHL. The company says the product improves productivity, reduces labor costs and enhances the employee experience and retention. Quinyx has experienced strong growth over the past year driven by demand from organizations managing hourly staff. Management says the $50M funding will be used to accelerate innovation and geographic expansion to better serve millions of hourly workers. Quinyx maintains offices in the U.S., U.K., Australia, Sweden, Finland, Germany, Norway, Denmark and the Netherlands and has global implementations of its software. Quinyx provides cloud-based workforce management software focused on shift-based and flexible workers, offering scheduling, shift planning and swapping, timesheet functionality via mobile check-ins, task management and payroll integration. The product targets sectors with large numbers of hourly workers and lists clients including McDonald’s, London City Airport, Burger King, Rituals, Swarovski, IHG, Boots, Daniel Wellington and Odeon Cinemas Group. The company reports close to 500,000 employees on its platform and says its core customer base is in Europe, with offices in the U.K., Sweden, Finland, Germany, Norway, Denmark and the Netherlands. Quinyx was founded in 2005 by CEO Erik Fjellborg. The firm cites a global workforce management market opportunity of about $2.4 billion. New funding is intended to accelerate rollout of innovative features and new AI technologies to automate and streamline workforce management processes and embed those technologies into the platform. Quinyx provides cloud-based workforce management software that handles employee scheduling, shift planning and swapping, timesheets via mobile apps, task management, communication and payroll integration. The product also includes budgeting and forecasting tools aimed at replacing spreadsheets and legacy on-premise systems. It targets employers of shift-based workers in industries like fast food, retail and hospitality; McDonald’s was its first customer. The company claims over 275,000 users across 20 countries and counts customers such as Papa John’s, Rituals Cosmetics, London City Airport, DHL, Humana and Debenhams. Quinyx was founded in 2005 by CEO Erik Fjellborg, who developed the idea after working at McDonald’s. The company recently raised additional funding and Battery Ventures says Quinyx has “just scratched the surface,” signaling plans to expand its market and product reach. Quinyx offers cloud-based and mobile workforce management software focused on scheduling, shift planning and swapping, timesheet functionality via mobile check-ins, and budget forecasting. Its customers include fast-food chains such as McDonald’s (its first customer), Burger King, Subway, Friday’s and Vapiano, and it has expanded into other industries serving companies like FedEx, Decathlon, Santander Bank and Compass Group. The product targets employers with flexible, shift-based workforces to replace spreadsheets, pen-and-paper methods, and legacy on-premise systems. The company reports revenue of $7 million this year. Quinyx was founded in 2005 and is headquartered in Stockholm. The founder and CEO Erik Fjellborg remains the largest individual shareholder.

Total raised

$101M

Funding rounds

4

Latest round

Series C

Latest activity

Nov 2021