What is Moonlighting?
Moonlighting operates as a pioneering mobile, on-demand solution designed to facilitate earning extra income and hiring skilled professionals swiftly. The company has established a virtual marketplace where freelancers and small businesses can directly connect for opportunities via mobile devices. Leveraging a blockchain-supported platform and its own token, Moonlighting offers a comprehensive suite of tools aimed at empowering millions of independent workers globally. This privately held, Charlottesville, VA-based entity is fundamentally built to serve the evolving needs of the gig economy.
How much funding has Moonlighting raised?
Moonlighting has raised a total of $6.3M across 4 funding rounds:
Private Equity
$1.9M
Private Equity
$1.9M
Private Equity
$2.3M
Debt
$150K
Private Equity (2015): $1.9M with participation from The McClatchy Company and New Richmond Ventures
Private Equity (2015): $1.9M led by McClatchy, Baltimore Angels, New Richmond Ventures, and Paul Palmieri
Private Equity (2016): $2.3M supported by McClatchy, Gannett, and tronc, Inc
Debt (2020): $150K featuring PPP
Key Investors in Moonlighting
The McClatchy Company
The McClatchy Company, a long-standing American publishing entity founded in 1857, has invested in Moonlighting. Their involvement suggests a strategic interest in innovative digital platforms and the evolving media landscape.
New Richmond Ventures
New Richmond Ventures, established in 2011, focuses on igniting creativity and innovation by investing growth capital in scaling start-ups. Their backing of Moonlighting indicates a commitment to fostering entrepreneurial ecosystems and supporting companies with demonstrated market traction.
Gannett
Gannett, a prominent news and information company, has participated in Moonlighting's funding rounds. This investment aligns with Gannett's strategic diversification into digital solutions and platforms that connect with a broad audience.
What's next for Moonlighting?
The recent major strategic investment signals a pivotal phase for Moonlighting, likely focused on scaling its operations, expanding its user base, and further developing its blockchain-integrated platform. With a history of securing substantial private equity and debt financing, the company is well-positioned to enhance its market penetration and introduce new features. Future growth will likely involve strengthening its virtual marketplace capabilities and solidifying its position as a leader in providing turnkey solutions for the gig workforce.
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