HourWork, a Boston, MA-based provider of a SaaS recruitment and retention platform, raised $10M in Series A funding.
The round was led by Positive Sum, with participation from Relish Works, Permanent Capital, Morgan Stanley’s Next Level Fund, MassMutual’s Catalyst Fund, York IE, Impact Engine, and OneValley Ventures. Sam Cates, Managing Director at Positive Sum, will join HourWork’s board of directors.
The company intends to use the funds to scale its customer success, sales, and marketing teams to service the demand for its recruitment and retention solutions and execute on planned product development initiatives.
Founded by CEO Rahkeem Morris and COO Rob Snyder, HourWork offers a way to hire and retain hourly workers in today’s understaffed world via a recruitment and retention platform. It is used by more than 5,000 quick-service restaurant franchises across the United States. Franchisee customers represent some of the largest multi-unit operators across iconic QSR brands such as McDonald’s, Burger King, Taco Bell, Dominos, Wendy’s, White Castle, and many others.
FinSMEs
28/03/2022