Merinio, a leading software provider in the employee scheduling and workforce management industry, announced today that it has secured $2.2 million in a recent round of venture capital funding. The funding round was led by Graphite Ventures, AQC Capital and Anges Québec.
The new investment will allow Merinio to further enhance its employee scheduling software, which uses advanced algorithms and patented workflows to help organizations increase shift coverage, optimize communication, and reduce costs by simplifying the entire scheduling cycle using data-driven insights, real-time feedback and automation. The company's proprietary automated calling system technology and unique approach to workforce management has already earned Merinio a reputation as a disruptor in the HR tech space.
“We are thrilled to have the support of Graphite Ventures, AQC Capital and Anges Québec as we continue to revolutionize the way companies approach employee scheduling and workforce management,” said Maxime Gauthier Bourbonnais, CEO of Merinio. “This funding will allow us to accelerate our growth and offer our innovative technology beyond our borders.”
“Merinio has built a proprietary, ROI-driven, automated shift booking solution to address one of the most pressing issues of the Security and Staffing industry: labor shortages and tight margins. We were impressed by the team's ability to address the industry’s needs and navigate the sales cycle effectively. AQC is thrilled to become a partner in Merinio’s future growth.” - Stéphane Caron, Partner at AQC Capital.
Merinio plans to use the funding to expand its team and increase investments in marketing and sales efforts to reach new customers and expand in the North American HR tech market. The company will focus its commercial efforts mainly on security, staffing and healthcare, industries in which the solution can significantly increase shift coverage and simplify the entire schedule management cycle.
“When we look at disruptive technologies impacting the Future of Work, we recognize the importance of what Merinio is building as key to helping organizations address their growing talent needs. Graphite Ventures is excited to support Merinio as the team builds a foundational solution facilitating talent connections for both managers and workers in organizations around the world.” - Kevin Madill, Partner at Graphite Ventures.
About Merinio
Merinio is a leading provider of employee scheduling and workforce management software. Thecompany's platform unifies schedules, employees and managers on a single software to create a more engaged and efficient workforce, improve adaptability and increase shift coverage with faster shift replacements. It is designed to comply with companies’ on-the-field reality by integrating their most complex requirements and adapting to unexpected events. The platform provides real-time insights that can help organizations make data-driven decisions to reduce labor shortages and increase efficiency.
About Graphite Ventures
Graphite Ventures is an early-stage seeding-for-scale venture capital firm that invests in early-stage B2B SaaS, digital health, clean tech and capital-efficient hardware companies. They're one of Canada’s most active and consistent VC firms, and their team has invested in more than 200 companies over the past decade. Graphite launched the $100M Graphite Fund IV in 2021 with a focus on Seed and Series A opportunities across Canada.
About AQC Capital
AQC Capital is a venture capital firm supporting startups in the earliest stages. The fund invests in companies in all sectors that seek to bring disruptive innovation to global markets. AQC Capital partners with Anges Québec, the largest angel investor network in Canada, and together they bring smart capital to the startups they back.
About Anges Québec
Thanks to the strength and diversity of its network, Anges Québec strategically accompanies angel investors and passionate and innovative entrepreneurs. Founded in 2008, Anges Québechas over 230 members who have so far invested close to $130 million in more than 190 Québechigh growth potential companies, positioning itself as a leader in the Québec venture capital industry.