Homebase, a team management app for small businesses, has raised $60 million in a Series D funding round led by L Catterton Growth. The company’s app combines scheduling, time tracking, payroll, messaging and HR tools into a single platform, aiming to streamline operations and save time for business owners and managers.
By automating paperwork, eliminating data issues and improving accuracy, Homebase works to save small business managers an average of five hours per week. More than 100,000 businesses and 2 million employees use Homebase to improve efficiency and productivity.
Homebase plans to use the funding to expand its product ecosystem and invest in research and development to better support traditionally underserved businesses. The company’s mission is to bring technology to the work lives of millions of local businesses and hourly teams, removing obstacles and expanding economic opportunities.
