Australian Software Developer Wins $ 81 Million Through Rapid Growth – TechCrunch

After eight years of hard work, the member sought the ladder. The Manpower Management Platform is therefore geared towards venture capital, quickly raising a $ 25 million Series A in early 2017. Today, Deputy announces a major achievement: the closing of a $ 81 million round – the largest series B in Australian history.

IVP led the investment for the Sydney-based company and Atlanta, with support from OpenView Venture Partners, Square Peg Capital and Equity Venture Partners. The deputy minister plans to invest the funds in engineering and products, strengthening the teams of both seats.

Co-founder and CEO, Ashik Ahmed, declined to disclose the badessment.

The Deputy Employee Management Tool makes scheduling, timesheets, tasks and workplace communication easier for workers on time and on a rotational basis. Ahmed tells TechCrunch that the 10-year-old company has 90,000 customers in 80 countries, including Amazon, Google, McDonald's, Compbad and Uber. It provides some 200 million jobs, or 1.2 billion hours of work, and facilitates payments of more than $ 30 billion in wages.

"Currently, the company is growing every month as much as we did in [the first] six years, "said Ahmed. "Our growth … really exploded."

Ahmed attributes this growth to the support of venture capital firms.

"It is not money but the expertise we have been able to bring," he said. "OpenView, for example, was really, really essential for the next leg of our trip."

Deputy Co-founder and CEO Ashik Ahmed.

Around the world, most workers earn money every hour. In the United States, according to 2015 data from the Bureau of Labor Statistics, about 80 million workers worked every hour, or about 60% of the country's total wage earners.

"The world of work is changing," he said. "We are more interested in instant gratification, we want what we want when we want it and the work is no different."

"If today's businesses do not recognize the change underway, if they do not adapt, they will not be relevant tomorrow. Our goal is to help our clients adapt to this change by offering more flexibility in the way they engage their workers. Our the vision is to help these companies prosper in the future world. "