Workforce management solution company, StaffAny, has successfully raised US$3.4 million in its Series A funding round led by GGV Capital, with participation from investors such as East Ventures, FreakOut Shinsei Fund, Far East Ventures, Farquhar Venture Capital and former CFO of Slack Allen Shim. The start-up hopes will herald company growth, regional expansion and allow for the development of new features for its workforce management solution.
Founded by alumni from the National University of Singapore (NUS) and the NUS Overseas Colleges programme, StaffAny provides blue-collar businesses with optimization services for their operational scheduling, time tracking and HR end-of-month timesheet consolidation.
"Due to social distancing requirements and work from home stipulations, the current pandemic has accelerated the need for digitalization of workforce management.
Companies are increasingly aware how such tools enable them to scale efficiently, as well as generate data that improves operations and increases profits," said Janson Seah, Co-Founder of StaffAny.
Just last year, StaffAny worked on updates for its platform to ensure it better-supported businesses struggling with COVID-19 regulation issues. It integrated workflow with Singapore’s TraceTogether and Malaysia’s MySejahtera to allow for easy clock-in compliance, employee contact tracing, testing reminders for staff to conduct their ART tests, and updates on staff's vaccination status.
"We are proud to back StaffAny, as they empower SMEs to manage their hourly workforce.” said Jixun Foo, Global Managing Partner at GGV Capital. “Despite F&B being the worst-hit industry by COVID-19, StaffAny saw strong growth and unprecedented adoption among the SMEs, a testament to its product and the resiliency of its leadership team. SMB tech is a sector GGV invests in globally. We are excited to work with StaffAny as they expand and scale."
StaffAny also introduced new features to their platform to further increase and improve operational efficiencies, such as auto-scheduling, which schedules staff into empty shifts based on customizable criteria and rules, and sales-based scheduling, where managers can allocate manpower to meet sales targets and sales per labour hour.
"Despite the pandemic, last year, we managed to increase our geographical reach to seven countries. In 2021, our workforce management solution tracked over 11 million employee hours and helped to save more than 350,000 man-hours," added Co-Founder Eugene Ng.
Moving forward, StaffAny is looking to expand beyond the Singapore market, starting with Malaysia and Indonesia, and has plans to develop a new product to help businesses improve employee performance and retain valued employees.