What is Qwick?
Founded in 2017 and headquartered in Scottsdale, Arizona, Qwick operates a digital platform designed to connect food and beverage professionals directly with businesses such as hotels, caterers, event venues, and restaurants for work shifts. The company aims to provide a flexible and efficient solution for both employers seeking immediate staffing and professionals looking for flexible work opportunities in the hospitality sector. Qwick's innovative approach addresses the dynamic staffing needs prevalent in the food service industry.
How much funding has Qwick raised?
Qwick has raised a total of $42.1M across 4 funding rounds:
Other Financing Round
$1.3M
Debt
$350K
Debt
$492K
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 Kickstart Ventures, Album VC, Desert Angels, and Tritium Partners
Key Investors in Qwick
Kickstart Ventures
Kickstart Ventures is the largest corporate venture capital firm in the Philippines, focusing on investing in early- to growth-stage tech startups that address real-world challenges through sustainable and inclusive innovation. As a wholly-owned subsidiary of Globe Telecom, it has made 70 investments globally, supporting over 130 founders. The firm aims to create significant value for startups by providing not just funding, but also access to expertise and market opportunities. Kickstart Ventures is dedicated to nurturing companies with transformative potential to help shape a better future.
Album VC
Album VC specializes in investing in early-stage technology startups. Their diverse portfolio includes numerous innovative companies across various sectors. Target clients encompass startups seeking financial support and strategic guidance to achieve growth. With a focus on creating impactful work, Album VC aims to foster the development of promising ventures.
Desert Angels
Desert Angels is a nationwide angel investment group that provides a peer-driven network for accredited investors with over 25 years of experience in early-stage investing. The organization offers structured deal flow, collaborative diligence, and educational resources to help experienced operators transition into angel investing. Members benefit from a rigorous evaluation process and access to a community of seasoned investors, allowing them to invest directly in promising startups. Desert Angels focuses on connecting its members with quality investment opportunities while fostering a disciplined approach to investment.
What's next for Qwick?
The substantial enterprise-level backing Qwick has received, particularly the recent strategic investment, positions the company for accelerated expansion and further development of its platform. This infusion of capital is likely to be directed towards enhancing technological capabilities, broadening its geographic reach, and strengthening its market presence. Qwick's strategic focus on leveraging technology to solve critical staffing challenges in the hospitality sector suggests a continued emphasis on innovation and operational efficiency as it scales.
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