Shiftgig
What they do: Provide a cloud-based, on-demand labor marketplace that connects businesses with qualified, vetted workers.
Problem they solve: With 20 million Americans working in part-time jobs, the hourly worker market has expanded rapidly in the past few years. Typical hourly workers may desire to work additional shifts beyond their regular jobs, but most don’t know how to properly hunt through zillions of Internet postings, many of them scams, in order to find a good gig, one that is a proper fit for them.
Startup @shiftgig - two-time Big50 winner - raises $20M Series C, hires new CEO. #Big50 http://wp.me/p330ZZ-gK Share on XHow they solve it: Businesses are able to connect to workers on the Shiftgig platform for food service, hotel, experiential marketing, retail, and warehouse jobs. Business managers have the ability to manage roster changes in real-time and communicate with each team member through their mobile phones, enabling seamless communication from start to finish.
“With the gig economy currently taking up 34% of the workforce and estimated to hit 43% by 2020, Shiftgig helps ease the process of connecting these workers with businesses who need them through our mobile platform,” said Lori McInerney, Director of Marketing for Shiftgig.
Striving to be a technology-focused, low-overhead operation (isn’t everyone striving for those things these days?), Shiftgig has been able to quickly expand into 14 cities, including Atlanta, New York, Dallas, and Miami.
Headquarters: Chicago, IL
CEO: Wade Burgess, who was previously VP of Talent Solutions at LinkedIn.
Founded: 2011
Funding: Shiftgig is backed by $56 million in total funding. The most recent round, a $20M Series C, closed in January, 2017. Investors include DRW Venture Capital, FJ Labs, KDWC Ventures, and GGV Capital.
Competitors include: Workpop and Wonolo, as well as traditional staffing agencies.
Customers Include: Ackland Financial Group, Doubletree by Hilton Miami Airport, Inktel Contact Center Solutions (Miami), and Marriott – DFW South (Dallas).
Why they’re in the Big 50-2017: They’re backed by big VC investments, and the hiring of Burgess as the new CEO is a smart move. Moreover, as the economy increasingly shifts to gig work, Shiftgig is well positioned to take advantage of this trend. This is a semi-crowded market sector, but for now anyway, it looks like a land grab.
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