Cologne-based start-up Ordio has secured €2.9 million seed funding from Capnamic and Simon Capital.
The seed round is Ordio’s second financing round after it secured funding from 18 angel investors in August 2022, including Käfer Capital, allygatr, Tiny Ventures and Elmar Broscheit (Gorillas) – €1 million.
Founders David Keuenhof and Gregor Pilz are putting workforce management and scheduling in the palms of the hands of desk-less workers or frontline employees.
"We believe in Ordio and the lasting impact of their transformative solution that enables companies to organise and manage their workforce at the highest level. Ordio's technology will not only increase the efficiency of companies, but also the lives of employees by offering more flexibility and control over their working hours,” says Jörg Binnenbrücker, Managing Partner at Capnamic.
With more than more than 200 customers Ordio app handles digital personnel files, preparatory payroll accounting, time recording, absence management, checklists for task management and shift planning all in real time.
In September 2022 Germany’s Federal Labour Court ruled that employers – regardless of the size of the company and the existence of a works council – must record the working hours of their employees. Timing is everything.
"85 percent of the employees who are organised with Ordio actively use the app every day. This shows us that we are exactly on the right track to becoming the number one operating system for all desk-less workers with Ordio," says co-founder David Keuenhof.
"It's crazy how many companies still organise themselves with pen and paper or Excel, even though the digital possibilities are almost unlimited. With Ordio, we want to seamlessly optimise all processes in shift operations, via a super intuitive app for all employers and employees,” he adds.
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