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Online staffing platform Wonolo closes $32 million series C funding round

November 19, 2018

Online staffing firm Wonolo closed a $32 million series C funding round led by Bain Capital Ventures.

The deal follows a $13 million series B funding round in April, led by Sequoia Capital, and brings Wonolo’s total funding to $60 million.

New investor DAG Ventures and existing investors Sequoia Capital, Base10, AMN Healthcare and Cendana also participated in the latest funding round. Existing investors who are not part of the Series C round include PivotNorth and Tuesday Capital.

Bain Capital Ventures’ Jamison Hill is joining Wonolo’s board of directors as part of the latest deal.

Wonolo will use the financing to grow its staff — both in its two headquarters and in satellite offices nationwide — and continue expanding to new local markets around the US. The company is based in San Francisco but in August opened a second headquarters in Nashville, Tenn., to expand its reach.

“We raised this money sort of opportunistically,” Wonolo’s co-founder and COO AJ Brustein told Staffing Industry Analysts. “Now it is really a time to accelerate our growth.”

The company plans to expand into some new markets and increase its footprint in existing ones. Wonolo will also work to higher more sales and account managers as well as engineers to build out the product.

Wonolo operates in the just-in-time space, enabling clients to use an online marketplace to bring in hourly workers to physical locations. Wonolo workers, known as Wonoloers, take on jobs that include making deliveries, stocking shelves, shipping packages and staffing events.

There are now 300,000 users on Wonolo’s platform; brands using Wonolo include Coca-Cola, Papa Johns and Uniqlo.

Wonolo stands for “Work. Now. Locally.” Northern and Southern California are the company’s largest markets, but it also operates in New York/New Jersey, Chicago, Dallas, Southern Florida, Atlanta and Nashville, Tenn.

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