S4labour secures £4m from YFM Equity Partners to expand hospitality software platform
YFM Equity Partners has backed S4labour with a £4m investment to drive product development and market expansion.
S4labour provides a workforce management software platform designed for the hospitality sector. The company serves over 250 clients across the UK with tools for scheduling, payroll, and HR reporting.
S4labour has secured £4m in growth capital from YFM Equity Partners, delivered via the British Smaller Companies VCTs. The funds will be directed towards product development, enhancing payroll and HR capabilities, and strategic hiring in sales and marketing to scale the business into larger hospitality chains.
Established in 2011, S4labour offers a software platform that assists hospitality firms with staff scheduling, payroll processing, and human resources administration. Led by industry veteran Alastair Scott and strengthened by the appointment of Mark Jensen in early 2024, the company aims to capitalise on ongoing digitalisation within the sector.
From the founder
"We are delighted to welcome YFM as an investor. Their experience in scaling SaaS businesses and their strategic approach to growth will be invaluable as we continue to develop our platform and reach new customers. This investment marks an exciting new chapter for S4labour, and we look forward to working closely with the YFM team."
Alastair Scott
Founder at S4labour
Investor perspective
"S4labour has built an impressive business with a clear product-market fit and plan to expand its market. As the hospitality industry continues to digitalise its operations, S4labour is well-positioned to expand its market share and deliver significant value to its clients. With Mark Jensen now on board and an exciting product roadmap, we see a fantastic opportunity to accelerate growth, and we are excited to support the team on this journey."
Mike Clarke
Partner, YFM Equity Partners
Use of funds
- 01Continue product development
- 02Invest in sales and marketing
- 03Grow the team