Workstream, a San Francisco, CA-based hiring platform and mobile app that streamlines the sourcing and onboarding of hourly workers, raised $48m in Series B funding. The round, which brought the total funding raised to date to $60.5m, was co-led by BOND and Coatue, with reinvestment from Founders Fund, and Eric Yuan, CEO of Zoom; Tony Xu, CEO of DoorDash; Ryan Smith, CEO of Qualtrics; Frederic Kerrest, COO of Okta; Basis Set Ventures; CRV; Peterson Ventures; GGV Capital; Jay-Z’s RocNation; Will Smith’s Dreamers VC and others.
“When it comes to hiring platforms, local businesses and deskless workers have largely been overlooked, which is why we started Workstream,” said Desmond Lim, co-founder and CEO of Workstream. “We set out to give local businesses the tools they need to hire hourly workers faster, and we are humbled by the momentum and results our customers have seen. Adding this strategic group of investors to our team gives us access to additional resources and expertise as we expand our capabilities and continue to support this once underserved community.”
Founded by three immigrants, CEO Desmond Lim, CTO Max Wang and CPO Lei Xu, Workstream provides a recruiting platform and mobile app that automates the process of sourcing, screening and onboarding front line workers such as caregivers, nurses, delivery drivers, take-out restaurant staff, gas station attendants, etc.
The company intends to use the funds to double the size of its team with numerous hires across sales, marketing and engineering, and continue to invest in growth and product development.
Announcement: Workstream Raises $48M to Support Deskless Workers