On May 25, 2021, 7Shifts completed its US$21.5 million Series B financing round led by Enlightened Hospitality Investments and including Ten Coves Capital, Relay Ventures and Conexus Venture Capital. The proceeds will be used to scale the company’s restaurant labour management platform to meet the needs of restaurants as they emerge from the COVID-19 pandemic. 7Shifts will also use the funding to grow its team and invest in product development.
Ten Coves is a growth equity firm focused on investments in the technology and financial services industries.
Osler, Hoskin & Harcourt LLP advised Ten Coves with a team consisting of David Jamieson, Gary Marshall and Horatiu Porime (Emerging and High Growth Companies).