NextCrew Corporation
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NextCrew Corporation - overview
Established
2011
Location
Glenview, IL, US
Primary Industry
Software
About
NextCrew Corporation offers innovative on-demand staffing solutions, optimizing the management of temporary staff across various sectors such as hospitality and healthcare through an efficient software platform. Founded in 2011 in Glenview, US, NextCrew Corporation specializes in providing staffing software solutions. The company was acquired by Avionte, LLC, a portfolio company of Serent Capital, in February 2018. The founder, Chirag Mehta, has a history of entrepreneurial endeavors in the staffing industry.
NextCrew specializes in on-demand staffing solutions that streamline the management of temporary staff across various industries. Their core offerings include a comprehensive staffing software platform that facilitates paperless onboarding, self-service HR management, workforce scheduling, and compliance management. This suite of services is designed to enhance operational efficiency for businesses in sectors such as hospitality, healthcare, industrial staffing, and experiential marketing. By automating timesheet management and payroll processing, NextCrew addresses common pain points faced by organizations when sourcing and managing temporary staff.
The platform is accessible to clients across multiple geographical markets, including North America and Europe, providing tailored solutions to diverse industries that require flexible staffing arrangements. NextCrew generates revenue through a subscription-based model, allowing clients to access their suite of staffing solutions. Businesses typically engage with the platform through tiered pricing plans that correlate with the number of users or the volume of staffing needs. This transactional structure supports B2B interactions, where companies subscribe to the software to manage their staffing operations efficiently.
Key services integrated into these subscription plans would include payroll and invoicing features, which are critical for seamless financial operations within client organizations. With the acquisition by Avionte, LLC in February 2018, NextCrew Corporation is likely to leverage this partnership for growth. Future initiatives include the development of new features within their staffing software, enhancing user experience and operational capabilities. The company is also exploring expansion into new markets in Europe and Asia by the end of 2024, aiming to capture a larger share of the global staffing solutions market.
The strategic use of recent funding will focus on these product enhancements and market entry efforts.
Current Investors
Avionte, LLC
Primary Industry
Software
Sub Industries
HR & Workforce Software
Website
www.nextcrew.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
NextCrew Corporation - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | NextCrew Corporation | - |
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