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Workstream Receives $48M Series B Round

2021-08-26
SAN FRANCISCO, CA, Workstream, a hiring platform and mobile app that streamlines the sourcing and onboarding of hourly workers, has raised $48 million in Series B funding.
This announcement comes on the heels of the company filling more than 18,700 jobs, which represents more than 2.5% of total private jobs added, in July 2021.

The round, which now brings the total investment in Workstream to $60.5 million, was co-led by BOND and Coatue, with significant reinvestment from Founders Fund. The series expanded the list of notable backers, which now includes 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. Jay Simons, General Partner at BOND and former President of Atlassian, has joined existing board member Keith Rabois, General Partner at Founders Fund and former COO of Square, as an observer on Workstream's board.

Workstream is a hiring platform and mobile app that connects job seekers to hourly positions and, on average, reduces time to hire by 70%. Founded by three immigrants, CEO Desmond Lim, CTO Max Wang and CPO Lei Xu, the platform is used by more than 10,000 hiring managers in the U.S. and helps hire front line workers: caregivers, nurses, delivery drivers, take-out restaurant staff, gas station attendants, etc. Learn more at workstream.us.
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