On January 24, 2019, 7shifts, a restaurant employee scheduling solution used by over 250,000 restaurant professionals across the world, announced the closing of a U$10 million Series A funding round. The financing was led by Napier Park Financial Partners.
The company plans to use the funds to strengthen 7shifts’ leadership position in scheduling automation and machine-learning technology for restaurants and to accelerate growth.
Napier Park Financial Partners is the private equity group of Napier Park Global Capital, an alternative asset management platform with approximately US$11 billion in assets under management. Napier Park focuses on investing in innovative, high growth companies.
Osler, Hoskin & Harcourt advised Napier Park with a team consisting of Chad Bayne, Gary Marshall and Horatiu Porime (Corporate).