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Flex Workers

Wonolo Announces Raise of a $138M Growth Round

Increasingly, businesses across the country are grappling with unpredictability – from inconsistent consumer demand to labor shortages to supply chain challenges. Online temporary staffing firm, Wonolo, recently announced the raise of a $138 million growth round led by Leeds Illuminate with strong participation from 137 Ventures and G2 Venture Partners.

Franklin Templeton also came in on the round. This latest round brings Wonolo’s total venture funding to more than $200 million.

“As labor shortages continue, workers have more power than ever. We are seeing a seismic shift in what workers are looking for when it comes to selecting job opportunities. Workers are opting for flexible work that offers them a chance to further develop portable skills and get access to living wage jobs at a variety of job sites,” said Yong Kim, CEO and founder of Wonolo. “Wonolo’s next phase of growth will drive this evolution to bring more flexibility, fair chances and fulfilling jobs to all workers.”

To date, more than 1 million workers or “Wonoloers” have used Wonolo’s mobile app to find flexible jobs. Thousands of businesses use Wonolo’s platform to help solve these issues by connecting with workers who are willing to provide flexible support.

The funds will be used to accelerate the company’s continued growth and mobile-first tech innovations. The company will also continue to expand in markets across the United States – and deepen its market share in top markets including Dallas, Atlanta, New York City, Chicago, Phoenix, San Antonio, Miami, Austin, Houston, Denver, Seattle and Philadelphia.

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Yong Kim

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Financing