Workstream Raises $48M in Series B Funding


Workstream, a San Francisco, CA-based hiring platform and mobile app that streamlines the sourcing and onboarding of hourly workers, raised $48m in Series B funding.

The round, which brought the total funding raised to date to $60.5m, was co-led by BOND and Coatue, with reinvestment from Founders Fund, and Eric Yuan, CEO of Zoom; Tony Xu, CEO of DoorDash; Ryan Smith, CEO of Qualtrics; Frederic Kerrest, COO of Okta; Basis Set Ventures; CRV; Peterson Ventures; GGV Capital; Jay-Z’s RocNation; Will Smith’s Dreamers VC and others. In conjunction with the funding, Jay Simons, General Partner at BOND and former President of Atlassian, joined board member Keith Rabois, General Partner at Founders Fund and former COO of Square, as an observer on Workstream’s board.

The company intends to use the funds to double the size of its team with numerous hires across sales, marketing and engineering, and continue to invest in growth and product development.

Founded by three immigrants, CEO Desmond Lim, CTO Max Wang and CPO Lei Xu, Workstream provides a recruiting platform and mobile app that automates the process of sourcing, screening and onboarding front line workers such as caregivers, nurses, delivery drivers, take-out restaurant staff, gas station attendants, etc. The company now serves more than 1,500 customers across 10,000 locations, including Chick-fil-A, Wingstop and Jimmy John’s franchisees.