Minnesota-based ThisClicks secures $4M in venture capital for growth
St. Paul, Minnesota-based ThisClicks is looking forward to accelerated growth in 2014 after it was able to raise venture capital funding amounting $4 million, StarTribune reported. ThisClicks is a mobile technology firm that has developed an employee scheduling software called When I Work. Arthur Ventures, Greycroft and e.ventures are the investors in the company's recently-concluded funding round, the report said.
Chad Halvorson, the Chief Executive Officer and Founder of ThisClicks, said they will use proceeds from the latest funding round for expansion of their product development and ramp up sales efforts for their When I Work, the scheduling software that allows firms to schedule and get in touch with their hourly employees through various platforms like mobile phones, text messages, e-mail and social media, the report said.
There are already over 3,000 businesses that use the company's scheduling software. These comprise over 250,000 employees. Halvorson forecasts that their user base will grow this year. Clients already using the platform include the UPS Store, 1-800-GOT-JUNK, restaurants, healthcare firms, retail stores, theme parks and law enforcement offices. For every employee using the software, clients pay about a dollar each month, the report said.
In the near future, the company aims to develop tablet computer versions of When I Work as well as for its time, attendance and payroll tracking software for hourly workers called WageBase. So far, both softwares can be accessed through their web-based, iPhone and Android versions. The company also aims to develop their sales strategy, the report said.
Halvorson told StarTribune, "Up until we raised this funding, we really didn't have any sales team. The sales were all organic and very automated; there was no salesperson.''
Halvorson added that the company currently has 12 employees and plans to add three more in the next few weeks. Its revenue last year was pegged at $1.2 million and its monthly growth is at double digits, the report said.