San Francisco-based automated staffing startup Workstream announced the close of a $10 million Series A on Friday. The round was led by Founders Fund.
Workstream operates as a hiring and onboarding platform for hourly workers. According to the company, over 5,000 hiring managers in the United States use the program already. Its clients primarily consist of essential workers on the front lines in healthcare and those working in the food service industry.
Max Wang, Desmond Lim and Lei Xu, Workstream’s trio of cofounders, interviewed hundreds of potential clients for their hiring software in 2017 before getting the platform off the ground.
“We are on a mission to empower local businesses and hourly workers and we are only just starting,” Lim, the company’s CEO, wrote in a tweet.
According to Lim, the company will provide free access to Workstream’s services for any essential business affected by COVID-19. Its platform includes a built-in video conferencing feature that allows hiring managers to conduct interviews while staying in line with social distancing rules.
“Businesses need all the help they can get right now, so we’re prioritizing features that save them money. Our new integrations make it easy for employers to file for WOTC, so they can save $9,600 in tax credits for every qualifying new hire,” Xu, Workstream’s chief product officer, said in a statement.
The company’s hiring platform also includes AI-powered job posting software that allows employers to post on up to 20 job boards with a single click. Job boards compatible with the software include LinkedIn, Indeed, Glassdoor and ZipRecruiter, among others. Its list of clients includes Uber, BrightStar Care, H&M, Marriott, McDonald’s and Jamba Juice.
The company will use the new funding to support the growth of its onboarding software by incorporating more extensive training features.
Additional investors Charles River Ventures, Basis Set Ventures, Heartland Ventures and GGV Capital also participated in the round.
