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New Money: Shiftgig Gets Another $3.9M (Update)



Shiftgig

Deal: $3.9 million

What they do: Shiftgig, a platform for businesses to fill and manage short-term jobs, has raised $3.9 million in equity, according to an SEC filing. Shiftgig allows part-time workers to choose from thousands of available shifts at local companies in foodservice, hospitality, retail, warehouse and other industries. Shiftgig works with large professional sports stadiums and helped staff workers at last year's Super Bowl. Shiftgig says over 1,400 businesses have used its platform to manage part-time job listings.

Shiftgig was started by Eddie Lou, who was formerly a general partner with Chicago firm OCA Ventures.

Other details: This new funding comes after the company raised a $22 million Series B in November 2015. Shiftgig has raised around $40 million since launching in 2012. Earlier this month, Shiftgig acquired BookedOut, a 1-year-old logistics platform that connects experiential marketing workers with experiential agencies and brands. Terms of that deal weren't disclosed, but the acquisition allows Shiftgig to add thousands of event freelancing gigs to its platform, like brand ambassadors, product demonstrators, set up crews jobs, the company said.

Update: Shiftgig clarified that the Form D reported by the SEC was not a capital raise, but instead was tied to the issuance of stock associated with the acquisition of BookedOut.


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