# PeopleMatter

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/peoplematter

- Industry: Software
- Headquarters: Charleston, US
- Website: www.peoplematter.com
- Total disclosed funding: $45M
- Latest round: Series E (Oct 28, 2013)
- Investors on record: 7

## About

PeopleMatter provides workforce management solutions tailored for the hospitality, retail, and foodservice industries, enhancing employee scheduling, labor management, and talent acquisition to optimize operational efficiency.Founded in 2001 in Charleston, US, PeopleMatter specializes in workforce management solutions. In October 2021, it was acquired by Fourth Enterprises, LLC from Snag, which enabled Fourth to enhance its offerings by integrating PeopleMatter's solutions. The CEO is Ester Martinez, who plays a significant role in steering the company's strategic direction. The company has completed 8 deals to date, with the latest funding round being a Series E, raising USD 16.00 mn led by StarVest Partners, among others. Overall, PeopleMatter has raised a total of USD 16.00 mn in funding.PeopleMatter, now part of Fourth, offers a comprehensive suite of workforce management solutions specifically designed for the hospitality, retail, and foodservice sectors. Their core offerings include employee scheduling, labor management, talent acquisition, and employee engagement tools, addressing challenges such as labor cost optimization and employee retention. Fourth serves a diverse clientele, including restaurants, hotels, and retail chains, primarily in the United States, the United Kingdom, and Australia, with tailored solutions for effective workforce management.Fourth's revenue model is primarily based on subscription services, whereby clients enter annual contracts to access a suite of workforce management tools. This includes features such as employee scheduling and performance management. The pricing structure is tiered based on workforce size and functionalities, allowing scalability for various business sizes, from small restaurants to large retail chains, thereby facilitating ongoing partnerships that generate consistent revenue streams.Following its acquisition on October 6, 2021, Fourth Enterprises, LLC aims to leverage the integration of PeopleMatter to empower clients in optimizing workforce management and enhancing team retention. The recent funding from the Series E round will support these initiatives, creating a seamless, single sign-on solution for clients. Furthermore, Fourth is focused on expanding its market reach, targeting additional growth in the hospitality and retail sectors across the United States, the United Kingdom, and Australia.

## Funding rounds

- Series E, Oct 28, 2013, $16M — Intersouth Partners, Morgenthaler Ventures, Noro-Moseley Partners, StarVest Partners, Harbert Management, Scale Venture Partners, C&B Capital
- Series C, Feb 27, 2012, $14M — Intersouth Partners, Morgenthaler Ventures, Noro-Moseley Partners, Harbert Management, C&B Capital
- Series B, May 3, 2011, $7.2M — Intersouth Partners, Noro-Moseley Partners, Harbert Management, C&B Capital
- Series A, Feb 8, 2010, $2.3M — Harbert Management
- Series A, Sep 16, 2009, $5M — Intersouth Partners, C&B Capital

## Investors

- Intersouth Partners (https://capitalatlas.ai/funds/intersouth-partners) — Series A, Series B, Series C, Series E
- C&B Capital (https://capitalatlas.ai/funds/c-b-capital) — Series A, Series B, Series C, Series E
- Harbert Management (https://capitalatlas.ai/funds/harbert-management) — Series A, Series B, Series C, Series E
- Noro-Moseley Partners (https://capitalatlas.ai/funds/noro-moseley-partners) — Series B, Series C, Series E
- Morgenthaler Ventures (https://capitalatlas.ai/funds/morgenthaler-ventures) — Series C, Series E
- StarVest Partners (https://capitalatlas.ai/funds/starvest-partners) — Series E
- Scale Venture Partners (https://capitalatlas.ai/funds/scale-venture-partners) — Series E