USA – Workstream, a San Francisco, CA-based provider of a mobile hiring and onboarding platform, held an additional close of $60M in Series B funding bringing the total of the round to $108M.
The round was led by Hans Tung, managing partner of GGV Capital, with participation from Founders Fund, Coatue, BOND, Basis Set Ventures, CRV, Peterson Ventures, Soma Capital, Aglae Ventures, Wheelhouse Capital, World Innovation Lab, Nationwide Ventures, Gold House Ventures, Bracken Darrell, Arash Ferdowsi, Claire Hughes Johnson, Mathilde Collin, Jack Altman, Jim Jensen, Oliver Jay, and Dawn Dobras. The company intends to use the funds to expand further into new and current verticals in the retail, hospitality, healthcare, warehousing and automotive sectors, to boost its R&D investment to extend its platform offering beyond hiring and, recently launched, Employee Onboarding products.Founded by three immigrants, CEO Desmond Lim, CTO Max Wang and CPO Lei Xu, Workstream provides a mobile hiring and onboarding platform for the deskless workforce to reduce time to hire. The platform is used by more than 20,000 hiring managers in the U.S. and helps hire front line workers such as caregivers, nurses, delivery drivers, take-out restaurant staff, and gas station attendants.Business owners from more than 170 of the top quick-service restaurant (QSR) brands in the world, including Burger King, Dairy Queen and Jimmy John’s, along with leading brands outside of QSR, such as Marriott International, Ace Hardware, UPS and European Wax Center, are already using Workstream’s platform.29/09/2022
