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Legion Technologies Secures $50MM Financing from Silicon Valley Bank

December 13, 2024, 08:05 AM
Filed Under: Business Services

Legion Technologies, an innovator in workforce management (WFM), received $50 million in financing from Silicon Valley Bank (SVB), a division of First Citizens Bank. The raise, which brings Legion’s total funding to $195 million, follows a $50 million growth round led by Riverwood Capital earlier this year.

“From the beginning, Legion has been on a mission to improve hourly jobs and the capital we’ve received from investors this year demonstrates the enduring value of that mission,” said Sanish Mondkar, founder and CEO of Legion Technologies. “Our tremendous growth stems from the accelerating need for effective workforce management solutions, and this latest financing from SVB further proves that Legion’s intelligently automated, employee-centric platform is the best choice for today’s hourly employees.”

The financing comes on the heels of a groundbreaking fiscal year for Legion, which included achieving strong revenue growth, establishing a customer footprint in new regions, and significantly enhancing the Legion platform.





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