TSheets Raises $15M For Cloud Time Tracking

Boise, Idaho-based cloud-based time tracking software developer TSheets has raised a $15M, Series A funding round, which the company says will help the company scale both its domestic and international business. The startup--led by Matt Rissell--said the funding came from Summit Partners. The company said it now has over 80 employees split between its office in Eagle, Idaho, a satellite office in Sydney, Australia. TSheets develops web- and mobile app-based time tracking software, which also integrated with accounting, payroll, and other software. The company has been offering up its products since 2006. TSheets joins a rather exclusive club, as what looks to be only the second Idaho company to receive venture capital so far this year--the last funding in Idaho was in April, a big $48M funding round for fellow Boise company Cradlepoint. More information »