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RosterLab: Raises NZ$500K in Pre-Seed Funding | Fintech InShorts: Latest fintech news, analysis by experts

RosterLab: Raises NZ$500K in Pre-Seed Funding

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RosterLab: Raises NZ$500K in Pre-Seed Funding

December 27, 2021

RosterLab Raises NZ$500K in Pre-Seed Funding

RosterLab, a New Zealand-based rostering software company, raised NZ$500k in Pre-Seed funding
The round was led by Matū Fund, with participation from Quidnet Ventures and the University of Auckland Investors’ Fund
The company intends to use the funds for software application development and initial product launch targeting New Zealand’s healthcare market
RosterLab offers an automated rostering platform, based on advanced techniques developed at the University of Auckland, to a variety of high-intensity sectors, including healthcare providers
Its core technology seeks to address weaknesses in existing rostering solutions, including the inability to account for staffing complexity
The platform enables rapid generation of optimised rosters that comply with challenging, industry-specific requirements at scale
The company is initially targeting healthcare clients such as hospitals and aged care facilities, where poor staffing compliance as well as time/labour inefficiencies incurs direct costs

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