November 11, 2022
Firms that have recently announced funding rounds include Qwick, Beekeeper, CloudPay, Drive My Way, WorkTorch, UpSmith, Remotebase and Ping.
Phoenix-based Qwick has closed a $40 million Series B funding round. The candidate discovery platform connects workers with food and beverage queues in the hospitality industry.
“We’re proud to have facilitated more than 500,000 hospitality shifts to date and plan to double that output in a few months, matching an increasing number of business and service industry professionals for shifts in more and more cities across the country.” Jamie Baxter, Co-Founder and CEO of Qwick said.
The round was led by private equity firm Tritium Partners with participation from current investors Album VC, Kickstart, Desert Angels and Revolutions’ Rise of the Rest Seed Fund.
Beekeeper, a platform for employee recruitment, collaboration and engagement, has announced a $50 million Series C funding round, bringing its total funding to date to over $100 million.
“This investment round validates Beekeeper’s mission to break this disconnect and eliminate the crippling status quo it has created,” said Cristian Grossmann, co-founder and CEO of Beekeeper.
Existing investors Energize, Thayer, SwissCanto, Keen Ventures, Alpana Ventures, Edenred Capital and Verve Capital, along with new investors such as EGS Beteiligungen and Kreos Capital participated in the round.
Based in San Francisco, the company has more than 200 team members in the US and Europe.
The beekeeper also announced several new hires: Kevin McKeown, chief revenue officer; Sarah Moore, Chief Marketing Officer; Shawn Lim, vice president of customer success; and board member Craig Bumpus.
Employee payroll software firm CloudPay has announced a $50 million funding round with Runway Growth Capital and The Olayan Group leading the round.
“We believe CloudPay is at an inflection point in their growth, making it a great time to invest strategically,” said Nicholas Briody, Americas, director of private equity, The Olayan Group. “They are well positioned to capitalize on the needs of the modern workplace for payroll and payment services.”
CloudPay is based in London.
Drive My Way
Drive My Way, a Cleveland-based trucking recruiting platform, announced that it has closed a $4.4 million Series A funding round on LinkedIn. Venture capital firm First Analysis led the round, with participation from existing investors JumpStart Ventures and JobsOhio Growth Capital Fund, in addition to M7 Holdings.
“First Analysis’ operational resources and experience working with leading companies in the technology/SaaS sector make them an ideal partner,” said Beth Potratz, President and CEO of Drive My Way.
“To compete in this talent market, employers must track in-demand candidates more like consumers and meet them where they are,” Potratz said. “Truck drivers are no exception.”
The company was founded in 2014.
WorkTorch, a Wichita, Kansas-based candidate discovery platform, announced a $2.2 million seed round, bringing its total funding to more than $4 million. The round was led by Tenzing Capital.
Launched in April 2021, the company has a list of over 40,000 service industry applicants looking for work. Its clients include Dunkin’ Donuts and Homewood Suites by Hilton. WorkTorch is led by Deborah Gladney and Angela Muhwezi-Hall.
“WorkTorch thrives because we empower both sides of the employment spectrum—career seekers and hiring companies,” said Gladney. “We connect service industry professionals with the careers they want and provide company support to ensure their new hires feel empowered and nurtured.”
The company recently rebranded from QuickHire to WorkTorch.
Dallas-based UpSmith Inc., which provides a video-based recruiting tool for builders, announced a $3.3 million pre-seed funding round.
The round includes investments from a16z and Asymmetric Capital Partners. Angel investors Dennis Muilenburg, former CEO of Boeing, and Sander Daniels, co-founder of Thumbtack, also participated in the round.
Remotebase, which provides pre-vetted teams of developers ready to go within 24 hours, announced a $2.1 million funding round and the launch of a developer recruiting tool called Talently.
The pre-Series A round was co-led by Indus Valley Capital and Hustlefund Ventures.
Based in San Mateo, California, Remotebase was founded by Qasim Asad Salam and Talha Masood. Grown from just 11 engineers to over 60,000 in 2 ½ years.
Ping, a payment platform for freelancers, has announced a $15 million seed funding round. Ping was founded in 2022 and enables digital payments globally for remote workers, contractors and freelancers. Originally focused on payment issues in Latin America, the company also allows employees to convert their money into cryptocurrencies.
Freelancers can bill their talent platform through Ping.
“Ping is the perfect solution for freelancers to get paid and for big economy platforms like Braintrust, freelancer.com, Upwork,” said Pablo Orlando, co-founder and CEO. “We created a platform that helps democratize access to high-paying jobs through remote work. Ping enables freelancers and contractors globally to see the highest possible dream of earning dollars and saving on a US account.”
Investors in the round include Y-Combinator, Race Capital, BlockTower, Danhua Capital, Signum Capital and Goat Capital.