Software Startup Skello Raises $47.3 Million For Its Employee Scheduling Tool

Skello, an online scheduling and personal management software company, has raised €40 million ($47.3 million) in a funding round led by Investment Company Partech. Existing investors XAnge and Aglaé Ventures also participated. The startup had previously raised a €300,000 seed round and a €6 million Series A round in 2018.

Skell provides a more efficient way for companies across many sectors, such as retail, hospitality, pharmacy, baking, physical fitness, gaming, etc, to manage their online schedules, optimize personnel management, and make out more time for other activities.

Skello’s online service provides a platform that improves the quality of work for both managers and employees. With Skello, managers can view the people working and the time when they are working. They can also assign employees to fill some gaps.

Employees, on the other hand, can connect to Skello and use its mobile app to get informed about their schedules. “The idea is to make the work schedule as collaborative as possible to allocate resources as efficiently as possible and increase team retention”, Skello’s Chief Executive Officer, Quitterie Mathelin-Moreaux said. Employees can also indicate when they are not available and request time off. And when something unexpected comes up, employees can trade shifts.

Skello’s unique software-as-a-service tool automatically takes into account local labor laws and collective agreements. At every step of the scheduling process, Skello manages legal requirements. For example, Skello remembers mandatory weekly rest periods. The platform knows that employees can’t work across a long time range. It can also count overtime hours, holiday hours, Sunday shifts, etc.

Skello can also generate a report with every employee’s timesheet when it is needed; usually at the end of the month, or towards the end of the month. Managers can also integrate Skello directly with their payroll tool to make the process less stressful.

With the latest capital, the Paris-based company, which is currently used across 7,000 points of sale, plans to expand to more European countries and increase the size of the team from 150 employees to 300 employees by 2022.