Overview

Wonolo connects businesses needing temporary workers with individuals seeking short-term jobs. The platform allows companies to post job listings with clear expectations, making the hiring process faster and more efficient. Workers can track their job applications and find flexible employment opportunities. Wonolo serves a diverse range of clients, from small businesses to large corporations across various industries. The company earns revenue by charging businesses a fee for each successful job placement, which is a percentage of the worker's wage. The goal of Wonolo is to streamline the staffing process and provide accessible job opportunities for both employers and job seekers.

Simplify's Take

What believers are saying

• Post-pandemic demand for flexible work boosts Wonolo's user base.
• AI integration in staffing solutions aligns with market trends, enhancing Wonolo's offerings.
• Remote work trends support Wonolo's remote-first business model.

What critics are saying

• Jobandtalent's US expansion threatens Wonolo's market share.
• GigEasy partnership may increase operational costs, affecting profitability.
• Living Wage Pledge could deter businesses due to higher placement costs.

What makes Wonolo unique

• Wonolo offers a unique AI-powered job management solution for staffing needs.
• Partnership with GigEasy enhances portable benefits for gig workers on the platform.
• Wonolo's Living Wage Pledge sets it apart in promoting fair compensation.

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Funding

Total Funding

$185.7M

Meets

Industry Average

Funded Over

5 Rounds

$138,000,000

Series D

Oct 2021

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.

Series D Funding Comparison

Above Average

Industry standards

Ind Avg. $77M

$49M

$50M

$70M

$80M

$100M

$138M

View all funding stages