When I Work announced Monday it has secured a $200 million growth investment from Bain Capital Tech Opportunities.
The Minneapolis-based workforce scheduling platform said it will use the funding to expand its suite of software solutions to support growth and product enhancements.
Minneapolis-based Arthur Ventures is also reinvesting in the company.
"Bain Capital Tech Opportunities is an aligned strategic partner — both culturally and strategically — that brings a stellar track record for scaling software platforms," said When I Work Founder and Chief Marketing Officer Chad Halvorson. "They will help us build on the incredible contributions of our early investors and our committed team. We'll be able to further transform the way shift-based workplaces get shift done, accelerate our reach, and selectively pursue acquisitions that support our growth."
Since it was founded by Halvorson in 2010, When I Work has been used by over 10 million hourly employees. It's currently used by more than 200,000 workplaces, including manufacturing companies such as Siemens and national health care providers.
The company took a big hit during pandemic-related shutdowns of 2020 as many of its clients suspended or downgraded their accounts. When I Work cut back, too, laying off about one-third of its total workforce.
But When I Work also stands to benefit from the rise in flexible scheduling and freelancing, which have boomed during the pandemic. And the tight labor market has also boosted demand for employee-management software. The company's workforce now stands at about 200, more than before the pandemic.
Boston-based Bain Capital has invested in and scaled numerous software companies, including A Cloud Guru, Hudl and HST Pathways.
