SkyHive in its US$40 million Series B financing round

On October 20, 2021, it was announced that SkyHive, a Vancouver-based SaaS platform providing workforce transformation and labor market development guidance, had closed a US$40 million Series B funding round led by Eldridge, with participation from other investors Allegis Cyber, Accenture Ventures, Workday Ventures, and the Partnership Fund For New York City. Earlier in 2021, SkyHive was recognized as a 2021 Technology Pioneer by The World Economic Forum.

SkyHive is a Certified B Corporation and SaaS provider of intelligent workforce planning technology, which monitors and optimizes labor market efficiency in real time by reskilling personnel across companies, communities, and national economies. This funding will support its global expansion of client services and partnerships. It will also augment ongoing research and development and grow the Company’s sales and marketing teams.

Osler advised SkyHive with a team consisting of Mark Longo, Jacques Du Plessis, Tara Folk (Emerging & High Growth Companies), Ian Morrison, Megan Young (Corporate) and Alain Fournier (Tax).