Homebase Raises $60M Series D

Homebase, a San Francisco, CA-based company providing an HR and team management app, raised $60M in Series D funding.

The round was led by Catterton Growth with participation from Emerson Collective, Notable Capital, Bain Capital Ventures, Khosla Ventures, Cowboy Ventures, and PLUS Capital.

The company intends to use the funds to accelerate product investments.

Led by CEO and Founder John Waldmann, Homebase provides an app for hourly teams, which features scheduling, time tracking, payroll, earned-wage access, messaging, and HR tools. More than 100,000 businesses use it it to make work easy and improve their teams.

Commenting on the news, John Waldmann said: “When I started Homebase, it was with a simple belief: most people had not benefited from technology in their work lives. I believed then, and still today, that if we bring this work online, we can remove significant obstacles to work and expand economic opportunity for the millions of local businesses and hourly teams that found income, community, and purpose working in them. We have made a great start in this mission, bringing help to 100,000+ small business teams totaling 2M+ workers. But we are still just getting started on our journey to become a generational company transforming the hourly work experience for millions.”