CHARLESTON, S.C., July 30,
2024 /PRNewswire/ -- Gigpro, a leading on-demand
labor marketplace for the hospitality industry, announced today
that it has closed a $16 million
Series A funding round led by Foundry, with participation from
Stage 1 Ventures and existing investors Stage 2 Capital and Detroit
Venture Partners. This milestone marks a significant step forward
in Gigpro's mission to revolutionize the gig economy by connecting
businesses with skilled independent professionals efficiently and
seamlessly.
In just three years, Gigpro has distinguished itself as the
leading labor marketplace dedicated to the hospitality industry and
recently became the fastest growing company in South Carolina. The infusion of capital will
enable Gigpro to expand its platform and enhance its technological
capabilities, while continuing to provide exceptional value to both
businesses and gig workers.
"We are thrilled to have the support of such esteemed investors
who share our vision for the future of work," said Samuel Mylrea, CEO and Founder of Gigpro. "This
funding will allow us to empower more hospitality professionals,
further advance our leading technology platform, and continue to
provide exceptional service."
"Gigpro is setting a new standard in the hospitality industry by
providing an innovative solution to one of its most critical
challenges," said Chris Moody,
Partner at Foundry. "Their commitment to using technology to create
a seamless connection between businesses and skilled professionals
is transformative. We are excited to support Gigpro as they
continue to grow and make a meaningful impact on the industry."
Gigpro addresses one of the most pervasive challenges in the
hospitality industry: labor. This sector faces significant
hurdles—79 percent of restaurants experience staffing shortages
according to the National Restaurant Association. Additionally, the
hospitality industry consistently sees employee attrition rates
near 100 percent—twice the national average.
Meanwhile, 67 percent of hospitality professionals report
difficulty making ends meet every month. Gigpro's labor marketplace
addresses these problems head on, empowering businesses and
hospitality professionals to connect in real time—solving the
businesses' labor gap while providing additional income and career
opportunities to hospitality professionals.
"We're providing a win-win solution to admirable customers on
both sides of the marketplace. That's core to our mission and
something we're proud of," said Adam
Phillips, CPO and Co-Founder at Gigpro.
"Sam and the team at Gigpro continue to execute at an
exceptional level, methodically addressing customer pain points
with product innovation," said Jay
Po, Co-Founder and Managing Partner at Stage 2 Capital. "The
impact the platform is having on their customers is a game changer
for this industry. It's inspiring to see thousands of jobs being
created while simultaneously solving the critical talent shortage
problem for businesses."
About Gigpro
Launched in 2021, Gigpro is an on-demand labor marketplace
focused on the hospitality industry. On Gigpro, businesses can post
shifts for a variety of hospitality roles and receive applicants
from qualified, vetted hospitality professionals within
minutes.
Since its founding, Gigpro has expanded to service hotels, bars,
country clubs, retirement communities, sports arenas, and more,
quickly becoming an essential labor solution for these businesses.
Beyond helping businesses solve immediate labor needs, Gigpro is
also used as a sourcing platform for permanent hires.
To date, Gigpro has helped fill over 350,000 shifts for over
9,000 businesses with its network of over 250,000 hospitality
workers on the platform. Gigpro currently operates in 28 cities
across the country, including Charleston,
SC; Atlanta, GA;
Nashville, TN; Charlotte, NC; Philadelphia, PA, and more.
For more information, visit www.gigpro.com.
For media questions or inquiries, please contact Gigpro
at:
marketing@gigpro.com
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SOURCE Gigpro