Workstream Raises Additional $60M, Extending Series B Round To $108M

Sep 29, 2022•almost 3 years ago

Amount Raised

$60 Million

Round Type

series b

San FranciscoInformation TechnologySaas

Description

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 Information

Company

Workstream

Location

521 7th Street

San Francisco, California, United States

About

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.

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech