London-based employee scheduling software company Rotageek has received £3m in capital in a funding round led by Volution, Calculus Capital, and Gresham House Ventures.
The software as a service (SaaS) company uses artificial intelligence (AI) to help business owners organise staff rotas. The software, which also helps to improve rotas and predict demand, is used by the likes of Caffè Nero, McColl’s, White Stuff, and Charlotte Tilbury.
“Their technology is best in class and delivers significant, measurable returns for clients in an area which is in dire need of innovation,” said Alexander Crawford, co-head of investments, Calculus Capital.
Rotageek will use the funding to continue scaling by investing in its product development, sales and marketing.
The company was founded by CEO Dr Chris McCullough, CTO Nick Mann and Professor Roy Pounder.
The idea for the company came from McCullough working for the NHS for 16 years and as an emergency medicine physician for eight, where he experienced the problem of managing a shift-based workforce.
McCullough said: “This funding from our current investors enables us to accelerate our growth as we deliver more value for more and more clients.
“The combination of supportive and engaged investors with an incredible team at Rotageek ensures that we have an exciting few years ahead of us.”
This follows on from Rotageek’s £6m investment in 2020 and £4m round in 2018.
Calculus Capital and Gresham House Ventures previously invested in eConsult Health’s £7m investment round.
It is the latest example of technology solutions for shift-based workers, with London-based Blink raising $20m for its frontline worker management platform.
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