East Ventures, FreakOut Shinsei Fund, Far East Ventures, Farquhar Venture Capital, and prolific business angels like as Allen Shim, the former CFO of Slack, also participated in the funding round.
StaffAny said it will use the fresh investment to expand the company, widen its footprints regionally, and add new features to its workforce management software.
Jixun Foo, Global Managing Partner at GGV Capital, said they are proud to back StaffAny, as they empower SMEs to manage their hourly workforce.
“Despite F&B being the worst-hit industry by COVID-19, StaffAny saw strong growth and unprecedented adoption among the SMEs, a testament to its product and the resiliency of its leadership team,” Foo said in a statement.
He added that the SMB tech is a sector GGV invests in globally and they are excited to work with StaffAny as they expand and scale.
NUS Enterprise, the National University of Singapore’s business arm, is a team of alumni from NUS and the NUS Overseas Colleges program who launched StaffAny at BLOCK71 Singapore.
The blue-collar workers can use StaffAny to improve their operational scheduling, time tracking, and HR timesheet consolidation at the end of the month. Businesses can increase their performance and efficiency while lowering their operating costs by using StaffAny.
Janson Seah, Co-Founder of StaffAny, said due to the current pandemic, companies are increasingly aware how tools for digitalization of workforce management enable them to scale efficiently, as well as generate data that improves operations and increases profits.
Co-Founder Eugene Ng, in a separate statement, said they managed to increase their geographical reach to seven countries. In 2021, their workforce management solution tracked over 11 million employee hours and helped to save more than 350,000 man hours.
StaffAny will develop a new product in the field of Employee Engagement to help organizations improve employee performance and retain prized employees in the future, in order to strengthen its main solution. This solution is now being tested by StaffAny, and any firms interested in taking a look are asked to sign up for a free trial.
StaffAny intends to grow its team this year and expand beyond Singapore’s borders, specifically to Malaysia and Indonesia.