Nowsta Secures $35 Million In Funding To Enhance Employer’s Ability To Discover And Efficiently Handle Flexible Workforces

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Nowsta, a leading workforce management platform, has recently announced that it has secured $35 million in funding to further enhance its ability to help employers discover and efficiently handle flexible workforces. This significant investment will enable Nowsta to continue its mission of revolutionizing the way businesses manage their contingent workforce, ultimately improving productivity and reducing administrative burdens.

Flexible workforces have become increasingly prevalent in today’s business landscape, with companies relying on temporary or part-time workers to meet fluctuating demands. However, managing these flexible workforces can be a complex and time-consuming task for employers. This is where Nowsta steps in, offering a comprehensive solution that streamlines the entire process.

The funding round was led by Foundry Group, a venture capital firm known for its investments in innovative technology companies. Other participants included Clocktower Technology Ventures, Matchstick Ventures, and several prominent angel investors. This strong backing is a testament to Nowsta’s potential and the value it brings to the market.

Nowsta’s platform provides employers with a range of tools and features designed to simplify workforce management. One of its key offerings is an advanced scheduling system that allows employers to create and manage shifts effortlessly. The platform takes into account various factors such as employee availability, skills, and preferences, ensuring optimal staffing levels at all times.

In addition to scheduling, Nowsta also offers time and attendance tracking, payroll management, and communication tools. These features enable employers to accurately track employee hours, automate payroll processes, and facilitate seamless communication between managers and workers. By centralizing these functions on a single platform, Nowsta eliminates the need for manual data entry and reduces the risk of errors or miscommunication.

The latest funding will enable Nowsta to further enhance its platform’s capabilities and expand its reach in the market. The company plans to invest in research and development to introduce new features that address the evolving needs of employers managing flexible workforces. Additionally, Nowsta aims to expand its sales and marketing efforts to reach a wider audience and establish itself as the go-to solution for workforce management.

Nowsta’s CEO, Akshay Prakash, expressed his excitement about the funding round, stating, “This investment is a testament to the value Nowsta brings to employers seeking to efficiently manage their flexible workforces. We are committed to continuously improving our platform and empowering businesses to optimize their workforce management processes.”

The COVID-19 pandemic has further highlighted the importance of flexible workforces, as businesses faced unprecedented challenges and had to quickly adapt to changing circumstances. Nowsta’s platform proved invaluable during this time, enabling employers to efficiently manage remote and on-site workers, ensure compliance with safety protocols, and maintain business continuity.

With this new funding, Nowsta is well-positioned to capitalize on the growing demand for workforce management solutions. By providing employers with the tools they need to effectively handle flexible workforces, Nowsta is empowering businesses to thrive in an increasingly dynamic and competitive environment.