Deputy joined the Unicorn Club on March 19, 2024, after raising a $37M Series B funding round led by Express Services. Founded in 2008, Deputy provides a workforce management platform for scheduling, HR, and compliance, enabling businesses to manage their hourly teams efficiently. The company has raised a total of $143 million and is valued at $1.1 billion as of March 19, 2024.
Keep reading to explore Deputy’s funding history, key investors, and what’s next for this HRTech innovator.
What Is Deputy and What Does It Do?
Deputy is an Atlanta, Georgia, United States-based platform offering tools for employee scheduling, timesheets, task management, and document management. It also provides forecasting, leave management, communication, and performance analytics to help organizations streamline workforce operations and ensure compliance.
The platform is designed for hourly teams, enabling managers to optimize labor, improve productivity, and simplify HR processes through a centralized, cloud-based solution.
How Much Funding Has Deputy Raised?
- Series B
- Amount Raised: $37M
- Date: March 19, 2024
- Lead Investors: Express Services
- Motivation: To expand platform capabilities, enhance workforce management features, and scale operations.
Total Funding Raised: $143M
Current Valuation: $1.1B (as of March 19, 2024)
Latest Funding Date: March 19, 2024
Key Investors
- IVP (Institutional Venture Partners)
- Details: Growth-stage venture capital firm investing in innovative technology companies.
- Investment Focus Areas: HRTech, workforce management, enterprise software.
- OpenView
- Details: Venture capital firm focused on expansion-stage software companies.
- Investment Focus Areas: SaaS, HR Tech, and operational efficiency platforms.
- Express Services
- Details: Lead investor in Deputy’s Series B funding round.
- Investment Focus Areas: HR, staffing solutions, workforce management.
Where Is Deputy’s Headquarters?
Deputy is headquartered in Atlanta, Georgia, United States, a major hub for technology, HR innovation, and workforce solutions, providing access to talent, investors, and enterprise clients.
What’s Next for Deputy?
Deputy plans to enhance its workforce management platform, expand features for HR, scheduling, and compliance, and improve analytics and task management capabilities. With strong backing from IVP, OpenView, and Express Services, Deputy aims to scale operations, support hourly teams more effectively, and solidify its position as a leading HRTech solution provider.
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