How Much Did Qwick Raise?
Funding & Key Investors

Qwick, the Scottsdale-based innovator in the on-demand staffing sector, has successfully secured a major strategic investment, bringing its total capital accumulation to $42.1M. This latest infusion of $40M marks a pivotal milestone in the company's trajectory, signaling robust investor confidence in its proprietary platform designed to bridge the gap between hospitality professionals and high-demand service venues.

Since its inception in 2017, Qwick has demonstrated a consistent growth pattern, evolving from initial debt-based financing rounds to a significant Series B capital injection. This progression underscores the firm's transition from a nascent startup to a dominant player in the labor market technology space, effectively addressing the volatility inherent in the hospitality and event management industries.

What is Qwick?

Qwick
Business ServicesHuman Resources Management Systems (HRMS)

Qwick operates as a sophisticated digital marketplace that facilitates real-time connections between food and beverage professionals and a diverse array of employers, including hotels, caterers, and restaurants. By leveraging an algorithmic matching engine, the platform optimizes shift fulfillment, ensuring that businesses maintain operational continuity while providing workers with flexible, on-demand earning opportunities. This dual-sided marketplace model has positioned Qwick as a critical infrastructure component for the modern gig economy, particularly within the service-oriented sectors that require high-velocity workforce deployment.

How much funding has Qwick raised?

Qwick has raised a total of $42.1M across 4 funding rounds:

2018

Other Financing Round

$1.3M

2020

Debt

$350K

2021

Debt

$492K

2022

Series B

$40M

Other Financing Round (2018): $1.3M, investors not publicly disclosed

Debt (2020): $350K led by PPP

Debt (2021): $492K supported by PPP

Series B (2022): $40M featuring Desert Angels, Tritium Partners, Album VC, and Kickstart Ventures

Key Investors in Qwick

Desert Angels

A nationwide angel investment group providing a peer-driven network for accredited investors with over 25 years of experience in early-stage ventures.

Tritium Partners

An investment firm focused on high-growth, capital-efficient technology and services companies, offering strategic support in value creation and M&A.

Album VC

A venture capital firm specializing in early-stage technology startups, providing both financial backing and strategic guidance to foster impactful growth.

What's next for Qwick?

With the successful closure of this major strategic investment, Qwick is well-positioned to accelerate its market penetration and enhance its technological infrastructure. The company is expected to focus on scaling its operations across new geographic territories while refining its matching algorithms to improve fill rates and user retention. As the hospitality industry continues to grapple with labor shortages and shifting employment preferences, Qwick's ability to provide a reliable, tech-enabled staffing solution will likely remain a key driver of its long-term valuation and market leadership.

See full Qwick company page
See More Financial Insights
No matching results.
Refine your search.

Additional financial insights in the Business Services industry

Business ServicesSoftware TestingProject Management
Business ServicesCommercial PrintingManufacturingTextiles & Apparel
Business ServicesSoftware TestingProject Management
Business ServicesProject ManagementAccounting for Legal Practices

Frequently Asked Questions Regarding Qwick Financial Insights

What are the most recent funding rounds that Qwick has completed, and what were the funding rounds?
Qwick has recently completed 3 funding rounds: Series B on Nov 1, 2022, Debt on Feb 10, 2021, Debt on Apr 13, 2020.
What is the total amount of funding Qwick has raised to date?
Qwick has raised a total of $42.1M in funding to date.
How many funding rounds has Qwick completed?
Qwick has completed 3 funding rounds.
How much funding did Qwick raise in its most recent funding round?
Qwick raised $40M in its most recent funding round.
Who are the lead investors in Qwick's latest funding round?
The lead investor in Qwick's latest funding round was Desert Angels. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Qwick's history?
The largest funding round in Qwick's history was $40M.
See more information about Qwick