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Homebase Announces $71 Million In Series C Funding

Jul 29, 2021•almost 4 years ago

Amount Raised

$71 Million

Round Type

series c

San Francisco

Description

Homebase, the all-in-one SaaS platform that helps more than 100,000 small businesses manage hourly teams, announced today its $71 million Series C funding round to expand its products and services. With $109m in total funding to date, Homebase is also launching new innovative tools for HR and payroll that broaden its offering for small business owners and accelerate the company’s growth and expansion. This funding round was led by new investor, GGV Capital, and includes existing investors Bain Capital Ventures, Baseline Ventures, Bedrock Capital, Cowboy Ventures, and Khosla Ventures, and additional investor PLUS Capital. The venture firms are joined in this round by a notable group of individual investors including Kat Cole, the former President and COO of Focus Brands, Jocelyn Mangan, Board Member at Papa Johns and Chownow and former COO of Snag, Mike Dinsdale, the former CFO of Gusto, Rachel Carlson, the founder of Guild Education, actor and author Matthew McConaughey, athletes Jrue and Lauren Holiday, and others.

Company Information

Company

Homebase

Location

San Francisco, California, United States

About

Our mission is to make hourly work easier for local businesses and their employees. Homebase currently serves more than 100,000 small (but mighty) businesses with everything they need to manage their hourly teams: employee scheduling, time clocks, payroll, team communication, hiring, onboarding, and compliance. Just don’t call us “Human Capital Management.” We’re tools built for the busiest businesses, so owners and employees can spend less time on bullsh*t and paperwork and more time on what matters. For more information, please visit http://www.joinhomebase.com.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech