Quebec, CA – Cloud platform Voilà! announces the closing of its $13.75M CAD Series A funding round, led by Walter Ventures, with participation from Desjardins Capital and Investissement Quebec. This funding round will allow the company to further its mission to help businesses combat labor shortages.
Released in 2016, Voilà! delivers workforce optimization tools to simplify schedule management, staff replacements, as well as time and attendance tracking. The platform also leverages increased workforce mobility to enable managers to fill as many work shifts as possible.
“This funding will allow us to accelerate the company’s growth in the United States and Canada. We are very grateful for the continued support of recognized local institutions Desjardins Capital and Investissement Québec, who have believed in our company mission,” said Martin Ouellet, founder and Chief Executive Officer of Voilà!.
“We expect to create more than 50 additional jobs in software and business development within the next two years— in fact, we’re looking to fill at least 20 positions as of today,” continues the entrepreneur.
Despite the current economic conditions, Voilà! has been able to maintain an annual growth rate of more than 300% by supporting clients such as Cook it, a meal kit pioneer, various players in the Quebec health network and SPAR Inc., a global company serving the largest retailers and consumer product companies around the world.
“We are thrilled to partner with Voilà! and support a seasoned team that has optimized the deployment and automation of workforce management in complex industries and plans to continue to innovate to shape the future of workforce management” remarked Isabelle Somers, Managing Director at Walter Ventures.
The labor shortage is hitting hard around the world as there are more than 10 million job openings in the U.S.—but only about 6 million unemployed workers to fill them, according to the U.S. Chamber of Commerce. Canadian companies already see labor shortage as the second most difficult issue to overcome as per the Canadian Federation of Independent Business latest report. .
Walter Ventures, Desjardins Capital and Investissement Quebec were joined by Telegraph Hill Capital, Panache Ventures, Fondaction, Investissements Norco, and the American firm Azure Capital in this funding round.
First partnership in the entertainment industry
In the first step towards its mission, Voilà! has joined forces with Connect&GO, a Montreal-based company that provides ticketing, access control and operations management solutions for the attractions and leisure industry. The two companies will be unveiling a new dynamic workforce management initiative based on attendance at the IAAPA Expo in Orlando in November.
Founded in 2016, Voilà! is a SaaS platform that helps flex-time businesses adapt their workforce management to the new realities of the workplace. The platform allows managers to maximize their use of employee availability and optimize the cost of their workforce with solutions for managing schedules, time and attendance, leave and more. The platform stands out for its flexibility, which allows it to be adapted to various corporate structures, business rules and collective agreements without compromising its user-friendliness for employees.