eCapital backs series-A for Papershift

The funding comprises a seven-digit euro sum, according to a statement from new investor eCapital.

The company raised a seed round in 2015 and has since increased its cashflow, according to the same statement. Papershft plans to use the fresh funding to support its organic growth.

eCapital is currently deploying equity via funds including eCapital Fund IV, which held a final close in December 2017 on €100m. The fund makes initial investments of €1.5-4m, with up to €15m available per company.

Company
Founded in 2015 by Michael Emaschow and Florian Suchan, Papershift is a software platform that allows companies to plan, track and report their working time in staff rosters. The software operates via mobile apps, browsers, terminals or an application programming interface (API). According to its website, its customers include Edeka, Burger King and Aldi. Papershift employs 50 people.

People
Papershift – Michael Emaschow (CEO).
eCapital – Paul-Josef Patt (managing partner).

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