After eight years of bootstrapping, Deputy sought scale. So the workforce management platform turned to venture capital, quickly raising a $25 million Series A in early 2017. Today, Deputy is announcing a major accomplishment: the close of an $81 million round — the largest Series B in Australian history.
IVP led the investment for the Sydney and Atlanta-headquartered company, with support from OpenView Venture Partners, Square Peg Capital and Equity Venture Partners. Deputy plans to invest the funds in engineering and product, building out those teams in both HQs.
Co-founder and chief executive officer Ashik Ahmed declined to disclose the valuation.
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