Banbury-based SaaS platform S4labour, which offers software and consultancy to help hospitality businesses optimize labor costs and productivity, has secured £4 million from YFM Equity Partners.
- Established in 2011 by Alastair Scott, S4labour is a workforce management software designed to help hospitality businesses manage their teams more efficiently.
- The platform offers tools for rota scheduling, payroll management, HR processes, and labour cost forecasting, all through an intuitive, cloud-based system.
- S4labour enables operators to optimize staffing, track attendance, ensure compliance, and gain real-time insights into labour costs and productivity. It seamlessly integrates with existing systems and is known for its ease of use. It provides businesses with a cost-effective and scalable solution to improve operational efficiency and reduce administrative overhead in the hospitality sector.
- The platform is already used by over 250 brands across the UK, including Bistrot Pierre, Revolution Bars, City Pub Group, and Nisa. It is also up to 20% more cost-effective than the market leader.
Details of the deal
- The investment was backed by YFM Equity Partners, a Leeds-based investment management firm managing £750 million in assets, which supports tech companies with investment tickets ranging from £3 million to £15 million.
"The business has grown ARR by 56% over the last three years, with clear traction among hospitality operators who need scalable, affordable, and easy-to-use workforce solutions. We also see a significant M&A opportunity in this space. The company is well placed to attract strategic interest in the years ahead," YFM Equity Partners' team, commented.
- The £4 million in fresh funding will help S4labour grow by hiring new staff for sales and marketing, which will help attract more customers.
- Additionally, this investment will enable S4labour to strengthen its team, enhance its product, and expand its presence in the hospitality industry, ultimately helping the company scale and reach more clients.
