Voilà!, a Québec-based scheduling and workforce optimization software startup, has received an investment of nearly $3 million.
“We believe that if workers build their own schedules, they will be more likely to honour them.”
The funding round saw investments from Investissement Québec, Panache Ventures, and Telegraph Hill Capital, along with a number of private investors. Voilà! said the new financing will allow it to hire about 100 employees in Québec City and Montréal, add major business intelligence components to its software, and accelerate its growth in North American markets.
“The labour market is going through major changes. As they now understand their value, employees are less attached to their jobs than before, while others prefer to work on-contract or have multiple jobs,” said Martin Ouellet, the startup’s founder. “Voilà! helps managers simplify scheduling and optimize the workforce by putting the employee at the centre of the process. We believe that if workers build their own schedules, they will be more likely to honour them and keep changes to a minimum. And the numbers are proving us right.”
Launched in December 2018, Voilà! has created a platform that aims to streamline scheduling and workforce optimization. It was founded by the team behind Taleo, a talent management software acquired by Oracle for $1.9 billion USD in 2012. Voilà! claimed that more than 1,000 Canadian companies are already using its software to manage staff schedules more effectively, improve communication with employees, or maximize engagement with them.
Data collected by the platform indicated that Voilà! has helped reduce employee absenteeism by 65 percent and turnover by 10 percent. It also reduced the time required to manage schedules by 80 percent. The startup is looking to address the labour shortage problem, by providing workforce optimization for employers in all sectors.
This funding will also help Voilà! launch a new strategy to grow its presence in Canadian and US markets, while developing a complex business intelligence module. This strategy, the company said, will allow its product to stand out from the schedule management software already being used in the company’s target markets.
Image courtesy Voilà!