What is Snagajob?
Snagajob operates as a critical nexus in the hourly labor economy, providing a comprehensive digital marketplace that connects active job seekers with employment opportunities throughout the United States and Canada. By prioritizing the alignment of worker flexibility with employer shift requirements, the company has cultivated a robust ecosystem that emphasizes work-life balance and professional development. Its platform is supported by a sophisticated suite of tools designed to streamline the hiring process, ensuring that businesses maintain operational continuity while workers gain access to meaningful, fit-for-purpose roles. The company's market position is further bolstered by an award-winning corporate culture and a commitment to long-term workforce sustainability.
How much funding has Snagajob raised?
Snagajob has raised a total of $221.3M across 9 funding rounds:
Private Equity
$770K
Series C
$27M
Private Equity
$7.5M
Series D
$100M
Debt
$5M
Debt
$2M
Debt
$65M
Private Equity (2009): $770K, investors not publicly disclosed
Series C (2011): $27M featuring August Capital, Baird Venture Partners, C&B Capital, and Adams Street Partners
Private Equity (2014): $7.5M backed by Split Rock Partners, Adams Street Partners, Baird Venture Partners, and August Capital
Series D (2016): $100M with participation from Invus, Rho Ventures, and NewSpring Capital
Debt (2020): $5M led by PPP
Debt (2021): $2M supported by PPP
Debt (2022): $65M featuring Runway Growth Capital
Key Investors in Snagajob
Invus
Invus Group is an investment firm specializing in financial advice, investment services, and consulting services. The company was founded in 1985 and is headquartered in New York City, New York.
Rho Ventures
Rho is a venture capital firm that has been investing in innovation since 1981, focusing on companies at various stages of growth. They partner with inventors, entrepreneurs, and operators to create market-defining businesses while providing strategic value through their extensive experience.
NewSpring Capital
NewSpring partners with companies in dynamic industries to catalyze new growth. Partnering with management teams to help develop their businesses into market leaders, NewSpring identifies opportunities and builds relationships using through it's network of industry leaders.
What's next for Snagajob?
Looking ahead, Snagajob is positioned to leverage its recent capital injection to accelerate product innovation and deepen its penetration within the enterprise-level workforce management sector. As the labor landscape continues to evolve toward more flexible, on-demand models, the company is expected to focus on enhancing its algorithmic matching capabilities and expanding its suite of benefits-oriented services. By maintaining a focus on high-growth segments and operational efficiency, Snagajob aims to reinforce its status as the premier destination for hourly employment, ensuring that its technological infrastructure remains resilient against shifting macroeconomic trends and changing labor regulations.
See full Snagajob company page
