Homebase Raises $71M in Series C Funding

Homebase, a San Francisco, CA- and Houston, TX-based SaaS platform for small businesses to manage hourly teams, raised $71m in Series C funding. The round was led by new investor GGV Capital, with participation from existing investors Bain Capital Ventures, Baseline Ventures, Bedrock Capital, Cowboy Ventures, and Khosla Ventures, and additional investor PLUS Capital, as well as individual investors Kat Cole, the former President and COO of Focus Brands, Jocelyn Mangan, Board Member at Papa Johns and Chownow and former COO of Snag, Mike Dinsdale, the former CFO of Gusto, Rachel Carlson, the founder of Guild Education, actor and author Matthew McConaughey, athletes Jrue Holiday and Lauren Holiday, and others. The company intends to use the funds to expand its products and services. Led by John Waldmann, Founder and CEO, Homebase provides a platform for local businesses to manage their hourly teams via tools such as employee scheduling, time clocks, payroll, team communication, hiring, onboarding, and compliance. The company currently serves more than 100,000 small businesses and has also expanded beyond its San Francisco and Houston offices, launching in Atlanta, Austin, Denver, and Toronto.