On Tuesday, HourlyNerd announced it closed $22 million in a Series C round. The funding round, which has brought the company’s total capital raised to more than $33 million, was led by General Catalyst Partners and included other investors like Highland Capital Partners, Mark Cuban, Greylock Partners, GE Ventures and Accanto Partners’ Bob Doris.
“This is a tipping point for our business," Rob Biederman, co-founder and co-CEO of HourlyNerd, said in a statement.
“This is a tipping point for our business."
“When we started in 2013, we believed that talent should be able to find opportunity in a radically different way,” he continued. “To gather such momentum so quickly has been rewarding and speaks to a massive market opportunity; we’re only scratching the surface.”
HourlyNerd plans to use the recent funding to work on its software product, in addition to getting word out to businesses about the benefits of leveraging flexible talent.
“We are investing to define and grow a category,” Peter Maglathlin, co-founder and CFO, shared in a press release. “This raise allows us to accelerate how quickly we can educate our core market about the merits of platforms like ours and the vast improvement they offer versus the status quo.”
The Boston-based startup connects companies with external business experts - only when they need it. In the past few years, HourlyNerd has grown its user base, and it now consists of 25,000 business experts and 5,000 businesses worldwide.
