shyftplan to raise €7 million in series A funding round backed by Deutsche Invest Venture Capital (DIVC).

Shyftplan, a Berlin, Germany-based developer of a SAAS for workforce management, announced completing a €7 million ($8.6M) series A funding round.

The money was raised from German investors led by the Munich-based VC Deutsche Invest Venture Capital (DIVC) and joined by existing shareholders Coparion, UVC and Senovo.

Shyftplan, founded in 2013 as Pjajo by John Nitschke and Jan-Martin Josten (CEO), developed a software tool for HR departments, allowing companies to create shift and deployment plans as well as payroll accounting. The company says the tool was sold to 600 companies from 29 countries.

Shyftplan previously raised €3M in a round led by UVC partners in 2017.