Wingspan Raises $14M For Its All-In-One Payroll Platform For Contractors
Mar 16, 2023•almost 3 years ago
Amount Raised
$14 Million
Investors
Mironov186 VenturesLudlow VenturesLong Journey VenturesDistributed VenturesAndreessen Horowitz
Description
In the wake of the pandemic, more and more companies are relying on independent contractors to sustain and grow their businesses — and more people are turning to freelancing. According to a Fiverr poll, 45% of businesses are using more freelancers than before the pandemic. And Fiverr rival Upwork found that 39% of the U.S. workforce, or 60 million Americans, performed freelance work in the past year — a three-percentage-point increase from the year prior.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech