Lystable, a San Francisco, CA-based freelancer collaboration app used by managers in publishing, fashion, content marketing, and video production, raised an additional $10m in Series A funding.
This additional funding – which brought the total raised in the round to $21m – was led by Valar Ventures, founded by Peter Thiel, James Fitzgerald and Andrew McCormack, with participation from earlier investors Max Levchin’s SciFi VC (formerly HVF Investments), Kindred Capital and Goldcrest Capital, as well as new investors Glynn Capital and Wilmont Ventures. In conjunction with the funding, SciFi VC Partner Eric Scott is joining Lystable’s board of directors.
The company, which has raised $25m in total funding to date, intends to use the funds to continue to expand the team in the U.S. and specifically to launch a major new product later in 2017.
Founded in London in 2014 by Peter Johnston, CEO, Lystable streamlines freelancer collaboration with its free app for managing profiles, assigning work, tracking invoices and making payments. Customers include The Economist, Expedia, NY Daily News, Airbnb, ESPN, CNBC, IDEO, and Google.