Andgo Systems Closes $5.6 M Series A Funding Round, Co-Led by First Ascent Ventures and Waterline Ventures
New funding will accelerate the growth of Andgo’s market-leading workflow automation solutions for dynamic absence onboarding, shift filling, and vacation mapping in complex, high volume industries.
Andgo Systems, a leading provider of intelligent workflow automation solutions for dynamic absence onboarding, shift filling, and vacation mapping, announced it has raised $5.6 Million CAD in Series A funding. The round was co-led by First Ascent Ventures and Waterline Ventures, based out of Toronto and Boston, respectively.
Andgo drives transformational intelligent automation for organizations in industries (such as healthcare) that have complex requirements around onboarding employee absences, filling vacant shifts, and annual vacation selection & awarding. Andgo’s suite delivers end-to-end automation throughout what are traditionally highly manual, tedious processes. Andgo’s customers gain actionable insights, accurately filling more shifts faster.
“This funding will help Andgo address the far-reaching shift filling challenges that organizations are facing,” said Tom Ross, Co-Founder, and CEO, Andgo Systems. “Andgo is positioned as the category leader in driving intelligent shift fill automation in complex industries with unique staffing challenges, such as healthcare and manufacturing. We focus significant effort on providing flexible tools to make the lives of nurses and other frontline employees easier.”
The company has seen strong momentum, adding new customers across North America in major healthcare organizations. A growing Andgo team will allow the company to meet demand, as organizations race to modernize their approach to deal with scheduling challenges such as shrinking budgets, staffing shortages, and employee satisfaction/retention.
“Andgo is changing the game for how large organizations can tackle very complex workforce scheduling challenges,” said Tony van Marken, Managing Partner at First Ascent Ventures. “Our investment in Andgo reflects our belief in the tremendous market potential for their technology and management’s ability to execute on their vision. Andgo has demonstrated an ability to deliver value to the most demanding companies on a consistent basis, which is exemplified by their 100% customer retention rate. We are very excited to partner with Andgo and welcome them to the First Ascent portfolio.”
“We are excited to support Andgo as they continue to scale their disruptive solutions, particularly in healthcare,” said Robbie Greenglass, Managing Partner at Waterline Ventures. “With workforce trends affecting employee availability and satisfaction, healthcare organizations need to innovate in order to thrive. Andgo is well positioned to deliver on helping organizations with this transformation.”