What is Wonolo?
Wonolo operates as a leading platform for on-demand staffing solutions, connecting businesses with a flexible workforce to meet immediate operational needs. Founded in 2013 and headquartered in San Francisco, California, the company has established itself as a critical player in the gig economy, facilitating efficient and scalable labor deployment for various industries. Its innovative approach addresses the dynamic demands of modern businesses seeking agile staffing strategies.
How much funding has Wonolo raised?
Wonolo has raised a total of $192.9M across 6 funding rounds:
Angel/Seed
$2.2M
Series A
$5.7M
Series B
$13M
Series C
$32M
Debt
$2M
Unspecified
$138M
Angel/Seed (2015): $2.2M with participation from Coca-Cola Founders and Foundry Group
Series A (2016): $5.7M led by CrunchFund, PivotNorth Capital, and Coca-Cola Founders
Series B (2018): $13M supported by Steamboat Ventures
Series C (2018): $32M featuring Cendana Capital, AMN Healthcare, Base10, Steamboat Ventures, Bain Capital Ventures, and DAG Ventures
Debt (2020): $2M backed by PPP
Unspecified (2021): $138M with participation from Leeds Illuminate, G2 Venture Partners, and Franklin Templeton
Key Investors in Wonolo
Leeds Illuminate
Leeds Illuminate is a growth equity firm that partners with innovators in the education and workforce development sectors, focusing on improving learning outcomes. With over 30 years of experience, the team invests in companies seeking growth capital across various educational stages, including early childhood, K12, and higher education.
G2 Venture Partners
G2 Venture Partners partners with innovative companies that leverage transformative technologies to revolutionize traditional industries, aiming to shape societal living and working conditions. They invest in technology companies at critical growth stages to promote a sustainable future.
Franklin Templeton
Franklin Templeton is a global investment management organization that provides investment management expertise, wealth management, and technology solutions to clients in over 165 countries. They offer specialized investment capabilities across multiple asset classes including equity, fixed income, multi-asset solutions, and alternatives.
What's next for Wonolo?
The recent major enterprise-level funding positions Wonolo for accelerated expansion and enhanced service offerings. This capital infusion is expected to fuel technological advancements, broaden market reach, and strengthen its competitive advantage in the rapidly evolving on-demand labor market. Strategic investments will likely focus on optimizing the platform's capabilities and expanding its network of both businesses and workers, solidifying its leadership in the sector.
See full Wonolo company page
