Frontline workforce app WorkJam lands C$50m in Series D round

The round was jointly led by new investor the Fonds de solidarité FTQ and returning investor Inovia Capital.

  • Blumberg Capital and Demopolis Equity Partners also participated in the round
  • WorkJam combines communication, task management, scheduling tools, learning, and more – all on one app
  • The company will use the new funding to expand its reach in Europe, Southeast Asia, Latin America and the US, fuel product innovation, and accelerate business growth

Montreal-based WorkJam, a frontline workforce app that helps retail, hospitality and manufacturing companies engage, upskill and retain talent, has secured C$50 million in Series D financing.

The round was jointly led by new investor the Fonds de solidarité FTQ and returning investor Inovia Capital. Blumberg Capital and new investor Demopolis Equity Partners also participated.

Founded in 2014, WorkJam combines communication, task management, scheduling tools, learning, and more – all on one app. The funds raised will be used to expand the company’s reach in Europe, Southeast Asia, Latin America and the US, fuel product innovation, and accelerate business growth.

“Enterprise businesses across retail, hospitality, manufacturing and other industries are still dealing with turbulence within the workforce and the ripple effects of the Great Resignation,” said Steven Kramer, CEO of WorkJam, in a statement. “We’re extremely proud to partner with this prestigious group of investors as we accelerate our momentum and help companies across the globe improve frontline workforce engagement, retention, job satisfaction and well-being.”

Based in Montreal, Fonds de solidarité FTQ is a labour-sponsored development and growth capital investor. With C$17.4 billion in net assets as at May 31, 2022, it has supported 3,620 partner companies and 296,927 jobs.

Inovia Capital manages over $1 billion across five funds including early and growth stages, and has offices in Montreal, Toronto, Calgary, San Francisco and London.