Workstream raises $60 million

Workstream is a U.S. hourly worker mobile recruiting platform that simplifies the sourcing and onboarding of hourly workers, connecting job seekers to hourly positions including caregivers, nurses, delivery drivers, takeout restaurant workers, gas station attendants, and more. And develop integration suites with major HRIS systems and workforce programs, including job opportunity tax credits. Workstream recently completed a $60 million Series B+ financing, bringing its total Series B financing to $108 million. More than 20% of investors participated in the oversubscribed extension, including institutional funds and angel investors. The financing was led by GGV Capital Managing Partner Hans Tung with strong participation from new and existing investors, notably Founders Fund, Coatue, BOND, Basis Set Ventures, CRV, WiL and Soma Capital.

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