Solvate.com, a New York-based company that operates a platform helping employers and independent professionals find each other and work together in the cloud, has raised $4m in Series B financing.
Investors include CEO Michael Paolucci, RRE Ventures and DFJ Gotham.
The company intends to use the funds to enhance interfaces that promote a social protocol for remote work and expand the marketplace of service buyers and providers.
Using Solvate’s remote work tools, companies can expand their reach to top freelancers and retain high quality workers in a transparent and accountable environment. Its online time tracking tools give employers control over budgets and real-time transparency into the progress of their work.
Freelancers who apply and are accepted into Solvate’s talent network enjoy nationwide exposure to businesses in need of their skills, as well as guaranteed payment for all work completed on the platform.