Homebase

Homebase

Workforce management software for hourly employees

About Homebase

Simplify's Rating
Why Homebase is rated
B-
Rated D+ on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Consulting

Enterprise Software

Company Size

1,001-5,000

Company Stage

Series D

Total Funding

$183.8M

Headquarters

San Francisco, California

Founded

2014

Overview

Homebase is a digital platform that helps businesses with hourly workers manage their operations. It offers tools for time tracking, employee scheduling, payroll processing, and messaging, allowing businesses to track hours and manage schedules easily. The payroll service automates paycheck calculations and tax filings, while the messaging feature facilitates communication between managers and employees. Homebase aims to simplify workforce management for small businesses, making their operations more efficient.

YC Company
💵
Funded Recently
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Simplify's Take

What believers are saying

  • Recent $60M Series D funding boosts Homebase's growth and innovation potential.
  • Integration with AI tools can enhance predictive scheduling and labor cost optimization.
  • Expansion into Canada with new leadership strengthens Homebase's market presence.

What critics are saying

  • Increased competition from HR tech companies may erode Homebase's market share.
  • Economic uncertainties could impact the spending power of Homebase's small business clients.
  • Legal issues, like the Enfield fraud lawsuit, could harm Homebase's reputation.

What makes Homebase unique

  • Homebase targets hourly workers, a segment often overlooked by HR tech companies.
  • The platform offers an all-in-one solution for scheduling, payroll, and communication.
  • Homebase's mobile-first approach caters to the growing demand for mobile workforce management.

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Funding

Total Funding

$183.8M

Meets

Industry Average

Funded Over

6 Rounds

Notable Investors:
Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Below Average

Industry standards

$77M
$60M
Homebase
$70M
Twilio
$80M
Handshake
$100M
Affirm

Benefits

Stock options

Comprehensive insurance plans

401(k) with 4% company match

Remote, hybrid, and in-office work options

Top-of-the-line equipment and home office

Annual holidays and accrued PTO

Fun company activities

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

1%

2 year growth

3%
Lightspeed
Dec 10th, 2024
Lightspeed Enhances Workforce Management Integration With Homebase

Lightspeed Commerce Inc., the one-stop commerce platform empowering merchants to provide the best omnichannel experiences, today announced an enhanced integration with Homebase, the all-in-one HR and team management solution for small businesses.

TechCrunch
Apr 3rd, 2024
Team management app Homebase welcomes $60M Series D to give SMBs 'superpowers'

Team management app Homebase welcomes $60M Series D to give smbs 'superpowers'

TechCrunch
Apr 3rd, 2024
Team Management App Homebase Welcomes $60M Series D To Give Smbs ‘Superpowers’

While there are countless tech companies that make HR technology for small and mid-sized businesses, much of it is geared toward “professionals who sit at desks in some capacity,” insists Homebase founder and CEO John Waldmann.Homebase is HR software that targets the two-thirds of the American SMB workforce with hourly jobs that require them to be onsight.After nabbing over 100,000 small businesses as customers, covering over 2 million employees, Homebase recently closed on $60 million in Series D financing. L Catterton Growth led the round and was joined by Emerson Collective. The round also includes existing investors, Notable Capital, Bain Capital Ventures, Khosla Ventures, Cowboy Ventures and PLUS Capital.Homebase offers payroll, shift scheduling, timesheets, hiring and onboarding, communication and HR compliance.“It’s really hard to raise capital now, and the fact that they raised with a top private equity firm like L Catterton Growth says a lot about the team and performance,” said. Jeff Richards, investor and managing partner at Notable Capital (formerly GGV Capital).“Hourly workers have a lot of the same desires for flexibility and certainty, but it shows up in entirely different ways, and that’s been our core mission,” Waldmann said.Richards agrees. He said that SMB tech for frontline or hourly workers doesn’t get nearly the attention it deserves despite the fact that it may affect over 55% of the workforce. He also said that artificial intelligence will be a major enabler of small businesses, and companies like Homebase will enable them to “build amazing businesses.”Despite the founder’s and investor’s enthusiasm, Homebase isn’t alone in serving this hourly worker market

Tech HQ
Oct 10th, 2023
Small business survival guide: Choosing the right payment partner

Payanywhere, for instance, has partnered with the employee management platform Homebase to empower business owners with information on product and employee performance on top of payroll capabilities.

Yahoo Finance
Sep 14th, 2023
Homebase Bets Big On Canadian Tech Talent, Doubling Employee Count Amid Strong And Sustained Business Growth

Leading hourly team management app invests in Canadian tech talent, doubling its local workforce (+104%) in the past year against a backdrop of volatility in the technology landscape.Company adds Canadian leaders to its Executive Office, including Chief Marketing Officer, Candy Lee, and Chief Technology Officer, Oliver Fisher, who together bring strategic expertise from Shopify, HelloFresh Canada and FreshBooks.Further strengthening product development capabilities, Homebase also welcomes VPs of Engineering Andrea Corey and Alamelu Radhakrishnan, bringing product development expertise from Freshbooks, Loblaw Digital and Shopify.Homebase also opened its first-ever Canadian outpost this month, with an 8,000 sq. ft. office located in downtown Toronto.TORONTO, Sept. 14, 2023 /CNW/ -- Homebase , the all-in-one team management app that helps more than 100,000 local small businesses manage their hourly teams, makes big waves by investing in the Canadian technology industry. In the past year, the company has more than doubled its full-time workforce in Canada (+104%) and opened its first-ever office in downtown Toronto.Homebase logo (PRNewsfoto/Homebase)Homebase has also supercharged its Executive Office with new, seasoned Canadian leadership, including Chief Marketing Officer, Candy Lee, and Chief Technology Officer, Oliver Fisher. Having held previous leadership roles at Shopify, HelloFresh Canada and Freshbooks, both Lee and Fisher bring deep expertise and strategic insight into growing and scaling big brand SaaS companies that serve small businesses and consumers.This investment is a strong signal of Homebase's commitment to growth against the backdrop of an otherwise volatile technology sector

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