# Quinyx

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

- Industry: Software
- Headquarters: Stockholm, Sweden
- Website: www.quinyx.com
- Latest round: Series A (Jul 20, 2011)
- Investors on record: 1

## About

Quinyx AB is a Swedish company that provides an advanced AI-driven workforce management platform designed to enhance labor scheduling and optimize workforce logistics across various industries.Founded in 2005 by Carl Geijer and Erik Fjellborg, Quinyx AB is headquartered in Stockholm, Sweden. The company specializes in workforce management solutions and has conducted a total of 8 deals, with the most recent occurring on November 30, 2021. They raised USD 50.00 mn during this funding round led by Battery Ventures, which matches their total amount raised to date. CEO Erik Fjellborg has been instrumental in guiding the company's strategy and growth since its inception.Quinyx offers an AI-powered workforce management platform designed to optimize labor scheduling, attendance tracking, and workforce logistics. The platform includes tools for automated scheduling, demand forecasting, and insights into workforce management data, enabling businesses across retail, hospitality, healthcare, and logistics to manage shift assignments and streamline communication among employees. Quinyx focuses on enhancing operational efficiency and serves clients primarily in Europe and North America, tailoring solutions to meet the diverse requirements of various sectors.In 2022, Quinyx reported revenue of USD 36.15 mn, with an EBITDA of USD -14.16 mn, indicating their operational performance for that fiscal year. The company's revenue model is subscription-based, allowing clients to access their software through annual or multi-year contracts, thus generating recurring income.In November 2021, Quinyx AB raised USD 50.00 mn in venture funding to enhance and expand its operations and business reach. The company is focused on developing new products and enhancing its existing platform capabilities to better serve its clients. Quinyx intends to penetrate new markets and geographical regions, particularly targeting expansions in Europe and North America, to capitalize on growing demand for workforce management solutions.

## Funding rounds

- Series A, Jul 20, 2011 — Euroventures

## Investors

- Euroventures (https://capitalatlas.ai/funds/euroventures) — Series A