Financial Technology Startup The Beans Announces $2 Million in Funding
Simplifying the Path to Financial Success for Care Workers Across The United States
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SAN FRANCISCO, June 3, 2021 /PRNewswire/
The Beans, a financial technology startup built for America s Caring Class, today announced $2 million in funding, led by Precursor Ventures with participation from Relay Ventures, One Planet VC, Swing Ventures, Oxford Angel Fund, and a group of notable angel investors.
The Beans s mission is to simplify the path to financial success so that Carers can enjoy their hard earned money. The financial wellness company automates financial planning and keeps members on track through proactive behavioral nudges.
May 27, 2021 at 12:19 PM
HOBOKEN, NJ - 7shifts, an innovative labor management platform for restaurants, has announced that it raised $21.5 million in Series B funding led by Enlightened Hospitality Investments (EHI), the growth equity fund affiliated with Union Square Hospitality Group (USHG).
Founded by restaurateur and industry visionary Danny Meyer in 1985, USHG operates some of New York City’s most beloved restaurants including Gramercy Tavern and Union Square Cafe. EHI was formed in 2016 to make strategic investments in best-in-class companies that have excellent management teams and corporate cultures. EHI’s investment follows a very successful implementation of 7shifts across USHG’s portfolio of cafes, bars and restaurants and will add EHI to 7shifts’ Board of Directors. The round also includes participation from existing investors Ten Coves Capital, Relay Ventures, and Conexus Venture Capital.
7shifts, a Saskatoon, Canada-based labor management platform for restaurants, raised $21.5m in Series B funding.
The round was led by Enlightened Hospitality Investments (EHI), the growth equity fund affiliated with Union Square Hospitality Group (USHG), with participation from existing investors Ten Coves Capital, Relay Ventures, and Conexus Venture Capital.
The company intends to use the funds to continue scaling its team and expand its product offering, including deepening its capabilities in the core areas of scheduling and employee communication, accelerating technology integrations to provide a more holistic view of one’s business, and rolling out the next generation of tools purpose-built for restaurateurs and their teams.