Wonolo Bulks Up With $138 Million Round

SAN FRANCISCO &&num;8212&semi; Wonolo, an online platform that&&num;8217&semi;s trying to disrupt the temporary staffing industry, has raised a &dollar;138 million growth round, led by Leeds Illuminate with participation from 137 Ventures and G2 Venture Partners&period; Franklin Templeton also came in on the round&period; This latest round brings Wonolo&&num;8217&semi;s total venture funding to over &dollar;200 million&period;&NewLine;&&num;8220&semi;As labor shortages continue, workers have more power than ever&period; We are seeing a seismic shift in what workers are looking for when it comes to selecting job opportunities&period; 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,&&num;8221&semi; said Yong Kim, CEO and founder of Wonolo&period; &&num;8220&semi;I&&num;8217&semi;m excited to have new mission-driven investors joining us to help raise the bar for workers everywhere&period; Wonolo&&num;8217&semi;s next phase of growth will drive this evolution to bring more flexibility, fair chances and fulfilling jobs to all workers&period;&&num;8221&semi;&NewLine;To date, over 1 million workers, &&num;8220&semi;Wonoloers,&&num;8221&semi; have used Wonolo&&num;8217&semi;s mobile app to pick up jobs that fit their needs and schedules, and have earned hundreds of millions of dollars&period; Workers highlight the freedom to decide when and where they work as a key benefit of using Wonolo&colon; &&num;8220&semi;I lost my corporate job due to loss of business from COVID-19&period; I had no income since then and my savings were drying up&period; I was starting to lose hope&period; I was on the edge of being homeless,&&num;8221&semi; said Wonoloer Coy Nguyen&period; &&num;8220&semi;Then my sister told me about Wonolo&period; I was able to sign up and start working immediately&period; Wonolo helped turn my life around&period; I was able to pay my bills and I believed in myself again&period;&&num;8221&semi;&NewLine;Increasingly, businesses across the country are grappling with unpredictability – from inconsistent consumer demand, to labor shortages, to supply chain challenges&period; Thousands of businesses use Wonolo&&num;8217&semi;s platform to help solve these issues by connecting with workers who want and are willing to provide flexible support&period; The company has experienced record-setting growth this year across industries such as retail, manufacturing, distribution, fulfillment and hospitality&period; Customers of Wonolo include Uniqlo, Aramark, Peloton and Driveline Retail&period;&NewLine;&&num;8220&semi;The world of temporary staffing is massive, generating over &dollar;500 billion in global annual revenue&period; We see Wonolo as the leader in disrupting this space and offering a tech-first, flexible solution that helps businesses and workers alike,&&num;8221&semi; said Stephanie Nieman, managing director at Leeds Illuminate&period; &&num;8220&semi;We are struck by how thoughtful Wonolo has been in building a business that puts workers first and is innovating with organizations to solve real labor problems across many industries&period;&&num;8221&semi; As part of the funding round, Nieman has been appointed to Wonolo&&num;8217&semi;s Board of Directors&period;&NewLine;The funds will be used to accelerate the company&&num;8217&semi;s continued growth and mobile-first tech innovations&period; The company will also continue to expand in markets across the United States – and deepen its market share in top markets including&colon; Newark, Dallas, Atlanta, New York City, Chicago, Phoenix, Nashville, Tampa, San Antonio, Miami, Columbus, Austin, Houston, Raleigh, Indianapolis, Denver, Seatte, Salt Lake City, and Philadelphia&period;&NewLine;

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