Workstream, a San Francisco, CA-based hiring platform and mobile app that streamlines the sourcing and onboarding of hourly workers, closed a $10M Series A funding round.
The round was led by Keith Rabois of Founders Fund, who will be joining Workstream’s Board of Directors, with participation from Anna Khan of Charles River Ventures, Lan XueZhao of Basis Set Ventures, Joel Peterson (Chairman of JetBlue), Heartland Ventures, GGV Capital, Max Levchin, Geoff Donaker of Burst Capital (former COO of Yelp), Eric Yuan (Zoom CEO), Tony Xu (DoorDash CEO), Miyuki Matsumoto (Bernard Arnault, Chairman LVMH), Aneel Ranadive (Owner of Sacramento Kings), James Harden, Joe Montana, and more.
The company intends to use the funds to expand onboarding modules to include more comprehensive training features, as well as develop a suite of integrations with major HRIS systems and workforce programs, including the Work Opportunity Tax Credit.
Founded by CEO Desmond Lim, CTO Max Wang, and CPO Lei Xu, Workstream is a staffing automation company that connects job seekers to hourly positions including caregivers, nurses, delivery drivers, take-out restaurant staff, gas station attendants, etc.
The platform is currently used by almost 5,000 hiring managers in the U.S.