Labor Management Platform 7shifts To Expand With $21.5 Million Investment From Danny Meyer’s Enlightened Hospitality Investments

New York City restaurateur Danny Meyer’s growth equity fund has led a $21.5 million investment in the labor management platform 7shifts, the company said Tuesday.

Enlightened Hospitality Investments, or EHI, the growth equity fund affiliated with Meyer’s Union Square Hospitality Group, or USHG, was joined in the Series B funding round by existing investors Ten Coves Capital, Relay Ventures and Conexus Venture Capital.

USHG uses the 7shifts management system across its portfolio of restaurants, cafes and bars. Under the deal, representation from EHI will be added to 7shifts’ board, the company said.

Jordan Boesch, CEO of 7shifts, said in a statement, “As the industry rebuilds, there has never been a more important time for restaurants to get more visibility into labor to improve long-term performance and profitability. Engaging with restaurant staff through data-driven, reliable shift scheduling will be critical to providing meaningful job satisfaction while simultaneously controlling costs, improving performance, and rebuilding the bottom line.”

Read more at Nation's Restaurant News.