Skello raises $47.3 million for its employee scheduling tool

French startup Skello has raised a $47.3 million funding round (40 million). The company has been working on a software-as-a-service tool that lets you manage the work schedule of your company. What makes it special is that Skello automatically takes into account local labor laws and collective agreements.

Partech is leading today's funding round. Existing investors XAnge and Aglae Ventures are also participating. The startup had previously raised a 300,000 seed round and a 6 million Series A round in 2018.

Skello works with companies across many industries, such as retail, hospitality, pharmacies, bakeries, gyms, escape games and more. And many of them were simply using Microsoft Excel to manage their schedule.

By using Skello, you get an online service that works for both managers and employees. On the manager side, you can view who is working and when. You can assign employees to fill some gaps.

For employees, they can also connect to the platform to see their own schedule. Employees can also say when they are unavailable and request time off. And when something unexpected comes up, employees can trade shifts.

We really want to put employees at the center of the product," co-founder and CEO Quitterie Mathelin-Moreaux told me. They have a mobile app and the idea is to make the work schedule as collaborative as possible in order to allocate resources as efficiently as possible and increase team retention."

At every step of the scheduling process, Skello manages legal requirements. For instance, Skello remembers mandatory weekly rest periods. The platform knows that your employees can't work across a long time range. And Skello can count overtime hours, holiday hours, Sunday shifts, etc.

When you're approaching the end of the month, Skello can generate a report with everyone's timesheet. You can integrate Skello directly with your payroll tool to make this process a bit less tedious as well.

Skello is currently used across 7,000 points of sale. Now, the company wants to expand to more European countries and increase the size of the team from 150 employees to 300 employees by 2022.