Legion Technologies secured $50M in debt financing from Silicon Valley Bank to fuel continued innovation in AI-powered workforce management.

Dec 12, 2024•8 months ago

Amount Raised

$50 Million

Palo AltoSoftware

Investors

Riverwood CapitalSilicon Valley Bank

Description

Legion Technologies has announced the receipt of $50 million in financing from Silicon Valley Bank, which will support its mission to improve hourly jobs through effective workforce management solutions. This round follows a previous $50 million growth round led by Riverwood Capital earlier this year.

Company Information

Company

Legion

Location

Palo Alto, California, United States

About

Legion Technologies delivers the industry’s most innovative workforce management platform, enabling businesses to maximize labor efficiency and employee engagement simultaneously. The award-winning, AI-native Legion WFM platform is intelligent, automated, and employee-centric. It’s proven to deliver 13x ROI through schedule optimization, reduced attrition, increased productivity, and increased operational efficiency. Legion delivers cutting-edge technology in an easy-to-use platform and mobile app that employees love. Backed by Riverwood Capital, Norwest Venture Partners, Stripes, First Round Capital, XYZ Ventures, Webb Investment Network, Workday Ventures, and NTT DOCOMO Ventures, Legion is recognized as one of the fastest-growing private companies in America according to the Inc. 5000 rankings for three consecutive years.

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