Planday to receive investment from the Germans from METRO GROUP.

Planday, a Copenhagen, Denmark-based company providing workforce management solutions that enables business owners to take employee scheduling from pen and paper to a streamlined, digital process, announced entering into an investment agreement with METRO GROUP.

The details of the transaction remain undisclosed.

Through this investment, METRO is further expanding its ability to digitally transform the hospitality sector through carefully selected investments into best-in-class digital solution providers. At the same time, Planday will further expand its leadership position in Europe beyond the Nordics and the UK.

Planday, led by CEO Christian Brøndum, developed a SAAS product that makes it easier for managers and hourly workers to communicate, collaborate, and get work done. The product allows managers to create a staff schedule that automatically takes employee vacation and availability preferences into account. Staff members can communicate with each other easily, and trade shifts if they need to— freeing up more of a manager’s time to focus on customers and growth.

Prior to this, Planday raised about $18M in equity funding from investors including Creandum, Idinvest Partners, Klaus Nyengaard, Recapex and SEB Private Equity.