Legion Technologies, an innovator in workforce management (WFM), has announced a $50 million growth round led by Riverwood Capital with strategic participation from existing investors, including Norwest, Stripes, Webb Investment Network, and XYZ.
The raise, which brings Legion’s total funding to $145 million, will boost its go-to-market and research and development (R&D) initiatives to deliver an enhanced WFM experience to a growing global customer base.
The global workforce management market is expected to reach $15.7 billion by 2031, indicating an increasing focus on workforce efficiency and engagement.
Sanish Mondkar, founder and CEO, Legion, said: “With the addition of this funding, we can further invest in creating a better experience for hourly employees on a global scale.”
Legion will use the funds to fuel continued innovations in workforce management, including deep investments in R&D and expansion of solutions like Legion’s InstantPay product.
With an increased focus on the intelligent automation of WFM, Legion will augment its industry-leading product with new features and updates to optimize labor operations, generate more accurate staffing schedules, reduce time spent by managers on administration and ease compliance with labor laws around the world.
Informed by market trends and ongoing feedback, these efforts will ensure the WFM platform significantly contributes to the employee experience, enabling greater flexibility while boosting productivity.
This investment will also empower Legion to seamlessly support its growing international customer base while providing greater proliferation across the markets it already serves.
