HourlyNerd Raises $7.8M in Series B Funding


HourlyNerd, a Boston, MA-based online marketplace for elite freelancers, raised $7.8m in Series B funding.

The round was led by Highland Capital Partners, with participation from GE Ventures, Greylock Partners, Intuit founder Scott Cook, the Kraft Group, angel investor Semil Shah, former Etsy CEO Maria Thomas, Rent the Runway Founder/CEO Jennifer Hyman and Boston VC Suffolk Equity Partners.

The company intends to use the funds to to continue to expand its technology platform.

Led by co-CEOs and co-founders Rob Biederman and Pat Petitti, HourlyNerd is an online talent marketplace that links elite independent freelancers with businesses that lack the funds to hire a premier consulting firm but require freelance help or advice from top MBA students who’ve worked at the top consulting firms and investment banks. In a few months (via referrals, social network mentions and word of mouth), the platform has over 4,500 companies using over 10,000 consultants from around the country and around the world.
11 months ago, the company had raised its Series A financing round, led by Highland Capital Partners and Greylock Partners (read here). The prior seed funding round had been led by billionaire angel investor Mark Cuban (read here).



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