Shiftee Inc.
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Shiftee Inc. - overview
Established
2016
Location
Seoul, -, South Korea
Primary Industry
Software
About
Based in Seongnam, South Korea, and founded in 2016 by its CEO, Seung Won Shin. Shiftee Inc. operates as a software-as-a-service-based integrated workforce management company. In February 2022, BusinessOn Communication Co.
, Ltd. , a portfolio company of Praxis Capital Partners, acquired Shiftee for KRW 28 billion. As of February 2022, the company has 150,000 clients across more than 20 countries. Shiftee Inc.
offers workforce management services that allow creating, editing, and managing the schedules of multiple employees; helps manage employee time and attendance by sending notifications based on shifts; leave management, where employees can submit all leave details to managers and managers can easily view and approve employees' leave requests on both mobile and web; workflow management; and provides reports by analyzing employees' schedules, timeclocks, and leaves. The company's application is supported on IOS and Android devices. The company's client base includes Decathlon, Gucci, WeWork, Siemens, and Panasonic. Shiftee Inc.
generates revenue through its software subscription packages, which are available with the basic, standard, and enterprise packages.
Current Investors
SkyLake Equity Partners, BusinessOn Communication Co., Ltd., Big Basin Capital
Primary Industry
Software
Sub Industries
Human Resources Services, HR & Workforce Software
Website
www.shiftee.io
Verticals
Big Data, Cloud Computing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Shiftee Inc. - financials
| Fiscal Year Ended | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|
| Revenue (USD) | 1,284,495,000 | 1,958,111,000 | - | - | - |
| % Revenue Growth (YoY) | - | 52.4% | - | - | - |
| EBITDA (USD) | - | - | - | - | - |
| Operating Income (USD) | 21,739,000 | 115,290,000 | - | - | - |
| Operating Margin | 1.7% | 5.9% | - | - | - |
| % EBITDA Margin | - | - | - | - | - |
| NET Income (USD) | 299,539,000 | 407,264,000 | - | - | - |
| % Net Margin | 23.3% | 20.8% | - | - | - |
Shiftee Inc. - 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 | Shiftee Inc. | - |
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Shiftee Inc. - employee data
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