Chicago-Based Startup Shiftgig Secures $3M in Series A FundingOctober 31, 2012 By: Nightclub & Bar
Shiftgig, the professional networking and employment community for the hospitality and retail industries, announced today that it has secured $3 million in Series A financing from investors including I2A Fund, Fire Starter Fund and Red Barn Investments. The new funds will be used to build more features and functionality, hire additional staff and expand into additional markets. The company also announced that Ken Pelletier, former CTO of Groupon, has joined Shiftgig as a technical advisor.
“We are looking forward to entering the next phase of our company’s growth,” said Eddie Lou, CEO of Shiftgig. “Enabling businesses and job candidates to connect in a meaningful way has enabled Shiftgig to take a leadership position in how the service industry manages employment.”
Launched in 2012, Shiftgig has over 100,000 users who are seeking restaurant, nightlife, hotel and retail jobs. Over 4,000 businesses, primarily in Chicago, New York and Los Angeles, are using Shiftgig to find staff.
“Shiftgig has quickly attracted a great deal of small businesses and job seekers to their site,” said Pelletier. “I hope to help them tune the experience for their customers and manage their rapid growth.”
“Shiftgig has an intelligent approach to solving the employment problem for restaurant and retail employers,” said Stuart Larkins, managing director of I2A Fund. “The company’s management team, best-in-class solution and rapid growth are indicators of a bright future.”