Workstream Raises Additional $60M, Extending Series B Round To $108M
09/29/22, 12:02 PM
Location
Money raised
$60 million
Industry
information technology
saas
Round Type
series b
Workstream, the mobile-first hiring and onboarding platform for the deskless workforce, today announced it has extended its Series B funding round with an additional close of $60 million, bringing the total Series B financing to $108 million. More than two dozen investors are participating in the oversubscribed extension round, including both institutional funds and angel investors.
Company Info
Location
521 7th street
san francisco, california, united states
Additional Info
Workstream (www.workstream.us) is a text recruiting and hiring tool for local businesses, especially restaurants. We help you to hire faster with texting / SMS, cutting in half the time to engage, hire and onboard hourly workers. We save companies 30+ hours every week by making your hiring process streamlined, automated and finding you the right talent when you need it.
We have helped business owners and operators from Jamba, Chick-fil-A, McDonald's, Dunkin', Applebee's, Auntie Anne's, Cinnabon and more to increase efficiency by over 150%, increasing their bottom line and creating significant cost savings.
We are a team from MIT, Google, Yelp, Stanford, Cornell, and backed by investors including Peter Thiel's Founders Fund, Charles River Ventures, CEO Zoom, Jay Z, CEO DoorDash, Joe Montana, James Harden, COO Yelp, CEO Logitech, Chairman Louis Vuitton (LVMH), Chairman JetBlue, Peterson Ventures, GGV Capital, CEO Intercom, and more.