- First Ascent Ventures and Waterline Ventures led the round
- The round’s proceeds will help accelerate Andgo’s growth
Andgo Systems, a Saskatoon-based provider of workflow automation solutions for dynamic absence onboarding, shift filling and vacation mapping, has raised C$5.6 million in Series A financing.
First Ascent Ventures and Waterline Ventures led the round.
“This funding will help Andgo address the far-reaching shift filling challenges that organizations are facing,” said Tom Ross, Co-Founder, and CEO, Andgo Systems, in a statement. “Andgo is positioned as the category leader in driving intelligent shift fill automation in complex industries with unique staffing challenges, such as healthcare and manufacturing. We focus significant effort on providing flexible tools to make the lives of nurses and other frontline employees easier.”
“Andgo is changing the game for how large organizations can tackle very complex workforce scheduling challenges,” said Tony van Marken, a managing partner at First Ascent Ventures. “Our investment in Andgo reflects our belief in the tremendous market potential for their technology and management’s ability to execute on their vision. Andgo has demonstrated an ability to deliver value to the most demanding companies on a consistent basis, which is exemplified by their 100% customer retention rate. We are very excited to partner with Andgo and welcome them to the First Ascent portfolio.”
Based in Toronto, First Ascent Ventures invests in emerging technology companies that are building the next generation of disruptive, enterprise B2B software that leverages the cloud, artificial intelligence, machine learning, big data, 5G, mobility and IOT.
Based in Boston, Waterline Ventures invests in the early stage healthcare technology and services companies that are improving the way care is delivered.