Saskatoon-based SaaS startup Andgo Systems (formerly NC SmartCall) has raised a $5.6 million CAD Series A round.
Boston venture capital firm First Ascent and Toronto’s Waterline Ventures jointly led the financing.
Founded in 2014, Andgo provides a scheduling platform for organizations to automate such processes as onboarding employee absences, filling vacant shifts, as well as annual vacation planning.
Co-founders Tom Ross (CEO) and Erik Frederikson (CTO), as well as Brittany Melnyk (vice president of product) lead Andgo.
Andgo claims that it has expanded its client base with major healthcare organizations across North America. The company did not disclose the names of its new customers.
Tony van Marken, managing partner at First Ascent, said that the firm’s investment in Andgo represents its belief in the company’s market potential for its technology and in management’s ability to execute their vision.
“Andgo has demonstrated an ability to deliver value to the most demanding companies on a consistent basis, which is exemplified by their 100 percent customer retention rate,” van Marken said.
This latest investment, according to Andgo, will go towards expanding its workforce. According to its LinkedIn page, Andgo currently has about 60 employees. Andgo said that growing its team will allow the company to meet demand from organizations that want to modernize their approach in dealing with scheduling challenges, such as shrinking budgets, staffing shortages, and employee satisfaction and retention.
Part of this demand can be attributed to the influx of Canadians travelling in and out of the country as pandemic air travel restrictions subsided. In the first quarter of this year, Statistics Canada found that Canadians took 46.5 million trips within Canada or abroad, almost 20 million more than the first quarter of the previous year.
As the labour market continues to be affected by changing trends (remote and hybrid settings), the return of air travel, layoffs, and hiring sprees, Andgo is among a number tech providers that want to help businesses with workforce scheduling and optimization, alongside Québec-based Voila, Toronto startup Humi, and Saskatoon-founded Coconut Software.
Featured image from Andgo Systems’ website.
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