TLDR:
- Homebase, a team management app, raised $60M in Series D financing.
- The funding will be used to innovate and expand product offerings for small businesses.
Homebase, a leading HR and team management app, secured $60M in Series D financing from investors such as L Catterton Growth and Emerson Collective. The app, which serves over 100,000 small businesses, integrates scheduling, time tracking, payroll, earned-wage access, messaging, and HR tools into a single platform.
The funding will help Homebase further develop its product ecosystem for Main Street businesses, focusing on the underserved market of small businesses that employ over 62 million workers in the U.S. Despite the challenging fundraising environment, Homebase’s strong financial performance and vision attracted significant interest from investors.
Founder & CEO John Waldmann shared his belief in using technology to expand economic opportunities for local businesses and hourly workers. The funding will allow Homebase to continue its mission of transforming the hourly work experience for millions of workers.
One of Homebase’s customers, Forth & Nomad, praised the app for its intuitive customization and detailed insights, emphasizing the software’s value in helping businesses forecast growth and manage their teams effectively.
Investor Ian Friedman from L Catterton Growth expressed excitement about supporting Homebase’s growth and product expansion, recognizing the app’s impact on restaurant, retail, and service-industry businesses. L Catterton Growth aims to invest in best-in-class businesses, and sees Homebase as a clear leader in hourly team management.
Overall, Homebase’s latest funding round will enable the company to enhance its product offerings and continue leading the way in team management for small businesses.
