Gigpro – a leading on-demand labor marketplace for the hospitality industry – announced that it has closed a $16 million Series A funding round led by Foundry, with participation from Stage 1 Ventures and existing investors Stage 2 Capital and Detroit Venture Partners. This is a significant step forward in Gigpro’s mission to revolutionize the gig economy by connecting businesses with skilled independent professionals efficiently and seamlessly.
In only three years, Gigpro has differentiated itself as the leading labor marketplace dedicated to the hospitality industry and recently became the fastest growing company in South Carolina. And the funding will enable Gigpro to expand its platform and enhance its technological capabilities, while continuing to provide exceptional value to both businesses and gig workers.
Gigpro takes on one of the most pervasive challenges in the hospitality industry, which is labor. This sector faces significant hurdles as the restaurant and hospitality industry sees very high attrition rates. And a high percentage of hospitality professionals report difficulty making ends meet every month.
KEY QUOTES:
“We are thrilled to have the support of such esteemed investors who share our vision for the future of work. This funding will allow us to empower more hospitality professionals, further advance our leading technology platform, and continue to provide exceptional service.”
- Samuel Mylrea, CEO and Founder of Gigpro
“Gigpro is setting a new standard in the hospitality industry by providing an innovative solution to one of its most critical challenges. Their commitment to using technology to create a seamless connection between businesses and skilled professionals is transformative. We are excited to support Gigpro as they continue to grow and make a meaningful impact on the industry.”
- Chris Moody, Partner at Foundry
“We’re providing a win-win solution to admirable customers on both sides of the marketplace. That’s core to our mission and something we’re proud of.”
- Adam Phillips, CPO and Co-Founder at Gigpro
“Sam and the team at Gigpro continue to execute at an exceptional level, methodically addressing customer pain points with product innovation. The impact the platform is having on their customers is a game changer for this industry. It’s inspiring to see thousands of jobs being created while simultaneously solving the critical talent shortage problem for businesses.”
- Jay Po, Co-Founder and Managing Partner at Stage 2 Capital
