Homebase raises $71M for a team management platform aimed at SMBs and their hourly workers
Summary
Small and medium enterprises have become a big opportunity in the world of B2B technology in the last several years, and today a startup thats building tools aimed at helping them manage their teams of workers is announcing some funding that underscores the state of that market. Businesses use Homebase to manage all manner of activities related to workers that are paid hourly, including (most recently) payroll, as well as shift scheduling, timeclocks and timesheets, hiring and onboarding, communication and HR compliance. What will be interesting is to see what kinds of services Homebase adds to its platform over time: In a way, its a sign of how hourly wage workers are becoming a more sophisticated and salient aspect of the workforce, with their own unique demands. In a post-pandemic world, technology has never been more important to businesses of all sizes, including SMBs,” Jeff Richards, managing partner at GGV Capital and new Homebase board member, said in a statement. “The team at Homebase has worked tirelessly for years to bring technology to SMBs in a way that helps drive increased profitability, better hiring and growth.
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