SpareHire, a New York City-based online marketplace to find finance and consulting professionals for short-term projects, raised $750k in funding.
Backers included unnamed family offices, investment firms and high-net worth individuals.
The company intends to use the funds to further develop the platform and expand the network.
Led by Vikram Ashok and Ashwin Krishnan, SpareHire provides an online marketplace that enables users to find and engage vetted finance and consulting professionals for support with financial modeling, market research, business strategy, and presentations. Projects can range from a few hours of remote Excel or PowerPoint support to multi-month on-site engagements.
Admission into SpareHire’s professional network requires at least two years of investment banking, strategy consulting, private equity, or related work experience from a reputable firm. Its 1,000+ professionals are primarily based in the U.S., and include entrepreneurs, stay-at-home parents, and independent finance professionals. Clients include investment banks, consulting firms, private equity firms, hedge funds, individuals, and businesses ranging from startups to Fortune 500s.