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Venture Capital News: Shiftgig Secures $10M Financing

2014-11-14
CHICAGO, IL, Online community for the service industry has secured $10 million in its first institutional financing.
Shiftgig, the premier online community for the service industry that enables bartenders, servers and other industry shift workers to connect, find jobs and be entertained, announced today it has secured $10 million in its first institutional financing. The round was led by The Garland Funds with participation from KGC Capital, Chicago Ventures, DRW Ventures, Firestarter Fund, and Corazon Capital. The latest financing will be used to execute on an accelerated growth strategy that includes the expansion of the company's technology, product and team.

'We are committed to our mission of connecting millions of workers to millions of jobs,' said Eddie Lou, co-founder and CEO at Shiftgig. 'Shiftgig's mobile platform makes it easy for employers to find, assess and hire full-time, part-time and temporary staff.'

'Shiftgig has proven that the right platform can enable businesses to hire more intelligently and more efficiently,' said Gary Holdren, Managing Partner of The Garland Funds. 'Recognizing this massive market opportunity, we are excited to help Shiftgig expand and believe in the team's ability to execute.'

'Mobile penetration, social hiring, and local services are three trends that are coming together to change the way people find jobs,' said Sam Yagan, CEO of The Match Group. 'Shiftgig is a disruptive business solution that enables businesses and workers to connect in real-time.'

Shiftgig has also announced the expansion of its leadership team to support its rapid growth. Jill Erickson joined as Chief Revenue Officer; Travis Haight, as VP of Service Delivery; Dan Miller, as VP of Talent; and Michael Yoch, as VP of Product. They join CEO Eddie Lou, President Jeff Pieta and CTO Sean Casey, who together co-founded the company in 2011.

As Chief Revenue Officer, Erickson is charged with driving 100% client satisfaction for Shiftgig. She oversees sales, marketing, and account management. Previously, Erickson has held senior executive positions at TMP Worldwide, Monster Worldwide (IPO) and Gild and is an industry expert in the digital marketing and talent acquisition space.

As VP of Service Delivery, Haight supports client success by managing Shiftgig's community operations and recruitment teams. He has over 17 years of experience recruiting and building successful teams, most recently with MarketSource, a sales and marketing staffing firm.

Miller comes to Shiftgig with 20 years of training and human resources experience. As VP of Talent, he is responsible for acquiring and retaining top talent and ensuring Shiftgig continues to be a great place to work. Prior to Shiftgig, Miller was with Echo Global Logistics (IPO), where he scaled the technology company from 20 employees to over 1,500 in five years.

Joining the team as VP of Product, Yoch plans and manages the product roadmap for Shiftgig's client and worker facing technology. He comes to Shiftgig with over 14 years of experience creating award-winning technology products in media, publishing, and personal finance, most recently with HelloWallet (acquired by Google) and NPR.

'With Shiftgig's rapid growth this year, we have taken the opportunity to strengthen our senior management team by adding four exceptionally talented individuals,' said Lou. 'Each of them has significant business and technology experience and we look forward to their contributions.'

For more information on Shiftgig and its leadership team, visit www.shiftgig.com.

About Shiftgig

Shiftgig is an online marketplace that connects workers with jobs. Shiftgig collects client requirements, worker skills, and real-time shift data to provide smarter and timely matches. With over 1,050,000 registered members and 25,000 businesses, Shiftgig has built the largest online community where members connect with business to access jobs and content in the restaurant, nightlife, hotel, and retail verticals.
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