Spur Raises $8M in Series A Funding

SpurSpur, a Huntsville, Ala.-based employment platform to manage the relationship between hourly workers and employers who depend on them, raised $8m in Series A funding.

The round was led by Third Prime with participation from Mark Bezos and John Griffin, founder of Blue Ridge Capital. Spur also appointed Bezos to its Board of Directors.

The company will use the funds to accelerate growth within the hospitality industry, to bolster its corporate and executive team, roll out the service across additional metro areas and continue development of its employment platform and products.

Led by Glenn Clayton, founder and chief executive officer, Spur provides a platform that offers workplaces such as hotels, restaurants, and other businesses with hourly workforces a managed solution for all their employment needs to save time and money and to improve the benefits and services available to the workforce.
Businesses using the platform schedule their employees and approve their time through the app, and then Spur’s platform takes care of everything else.
Employees get to take advantage of a customized suite of benefits, perks, and other services specifically designed for hourly workers including faster pay options, healthcare, savings accounts, discounted products and services, and paid sick leave. In addition, workers can find side gigs and other opportunities to boost their income and find added stability.
Since launching in 2017, the company has added thousands of workers to its platform across multiple cities including Atlanta, Orlando, Birmingham and Houston and expects to launch in other major metros throughout 2019.



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