A $45 million fundraising round was completed for Snapshift, a Paris, France-based HR platform for managing the deskless workforce.
Along with prior backers Bpi France and UL Invest, Highland Europe led the round.
Spain will be the company’s first overseas target market as it uses the capital to expand to all SMEs in the restaurant, hotel, and retail sectors in Europe.
Snapshift was established in 2016 under the direction of CEO Olivier Severyns and provides SMEs in the hospitality industry and other industries with a digital planning and HR management Centre known as a People Operating System. The business assists franchises and companies with 5 to 1,000 people in enhancing the productivity, growth, and teamwork of their workforces. Today, the business services over 6,000 clients, among them Subway, Pizza Hut, Spar, Amorino, Biocoop, Fitness Park, Columbus Cafe, and Carrefour.
The company presently employs more than 70 people.