What is Wonolo?
Founded in 2013 and headquartered in San Francisco, California, Wonolo operates as a technology company that bridges the gap between businesses needing immediate staffing and individuals seeking flexible work opportunities. The platform facilitates on-demand hiring for various industries, offering a streamlined process for both employers and workers. Wonolo's innovative approach to workforce management has positioned it as a key disruptor in the gig economy, providing scalable and efficient staffing solutions.
How much funding has Wonolo raised?
Wonolo has raised a total of $192.9M across 6 funding rounds:
Angel/Seed
$2.2M
Series A
$5.7M
Series B
$13M
Series C
$32M
Debt
$2M
Unspecified
$138M
Angel/Seed (2015): $2.2M with participation from Foundry Group and Coca-Cola Founders
Series A (2016): $5.7M led by PivotNorth Capital, Coca-Cola Founders, and CrunchFund
Series B (2018): $13M supported by Steamboat Ventures
Series C (2018): $32M featuring Base10 Partners, Bain Capital Ventures, Cendana Capital, Steamboat Ventures, DAG Ventures, and AMN Healthcare
Debt (2020): $2M backed by PPP
Unspecified (2021): $138M with participation from Leeds Illuminate, Franklin Templeton, and G2 Venture Partners
Key Investors in Wonolo
Leeds Illuminate
Leeds Illuminate is a growth equity firm specializing in education and workforce development, providing growth capital to companies aiming to enhance learning outcomes and drive innovation in the future of work.
Bain Capital Ventures
Bain Capital Ventures is a venture capital firm with a broad investment platform, focusing on creating lasting impact through strategic investments in companies across various sectors, including technology and operations.
Foundry Group
Foundry Group is a venture capital firm dedicated to investing in early-stage information technology, internet, and software startups, leveraging their expertise to help entrepreneurs build successful companies.
What's next for Wonolo?
The recent major enterprise-level funding and strategic investment indicate Wonolo is poised for significant expansion and operational enhancement. This capital infusion is likely to fuel advancements in its technology platform, enabling greater efficiency in matching workers with jobs and improving the overall user experience. Furthermore, the backing suggests a strategic focus on scaling its market presence, potentially through new geographic expansions or deeper penetration into existing markets. Wonolo's trajectory points towards solidifying its position as a leader in the contingent workforce solutions industry, adapting to evolving business needs with agile staffing strategies.
See full Wonolo company page
